• Yager Bell Tower, Hartwick College
  • Professor discussed Botany with a Student.
  • Hartwick students giving a presentation in front of the class.
  • Hartwick students working on a project in class.

Faculty Retirement Options

RETIREMENT OPTIONS FOR FULL-TIME, TENURED FACULTY

There is no mandatory retirement age for faculty members. However, the College has retained sixty-five as its usual retirement age. Individuals contemplating early retirement should contact the Office of Academic Affairs regarding retirement options. A summary of the College’s employment practices pertaining to retirement for full-time, tenured faculty follow.

OPTION I: TRADITIONAL RETIREMENT

Notification:
Faculty members contemplating traditional retirement should contact the Office of Academic Affairs. Generally, faculty planning to retire should discuss the matter first with their department chairs. A formal letter informing the College of intent to retire should be addressed to the President of the College.

Benefits:

  • College tuition benefits will continue for spouse and dependent children existing at the time of the retirement.
  • Tuition Remission for on-campus classes will be allowed for retired faculty based on availability.
  • Access to facilities generally accessible to the College community such as the library and fitness center will be permitted.
  • Free access to on-campus classes will be allowed for retired faculty based on availability.
  • Access to the internet, email account, College Bookstore (including discounts), and all College events (as pertains to faculty) remains.
  • The retired faculty will have an option to buy into the employee health and dental insurance plans at the retiree’s sole expense.
  • The College reserves the right to change (including terminate) the terms of any benefits provided under this option at any time without prior notice.

OPTION II: PHASED RETIREMENT

Eligibility:
• Age + years of service totals at least 75 with a minimum age of sixty and at least 15 years of service.
• Full time and tenured status

Employment Options:
• One-year, half-time at full pay option for tenured faculty
• Two-year, half-time at full pay option for tenured faculty
• Health Insurance, disability, life insurance, and retirement contribution remain available during half-time status

Notification Date of Intent to Elect the Voluntary Phased Retirement Option:
• August 1, 2012 for the academic year 2013-13
• For subsequent academic years, notification must be given at least 13 months prior to the beginning of the phased option for Academic Affairs and departmental budget and planning purposes.

Effective Date of Retirement: 
• Retirement typically will be effective beginning September 1 following the last half-time at full pay year of service.

Stipulations:
• Faculty members will teach 10 credits per year for two-years, which would include teaching one of the two J-terms. If the faculty member elects the one-year, half-time at full pay option, the 10  credits would not have to include teaching in January.
• Final approval for all requests to elect the Phased Retirement option will be made by the President in consultation with the Chief Academic Officer and will depend on programmatic and economic impact.
• Departments are expected to cover workload by rearranging schedules and using adjuncts.

Benefits:

  • Faculty will be eligible for normal pay increases.
  • College tuition benefits will continue for spouse and dependent children existing at the time of the retirement.
  • Access to facilities generally accessible to the College community such as the library and fitness center will be permitted.
  • Tuition Remission for on-campus classes will be allowed for retired faculty based on availability.
  • Free access to on-campus classes will be allowed for retired faculty based on availability.
  • Access to the Internet, e-mail account, College Bookstore (including discounts), and all College events (as pertains to faculty) remains.
  • The retired faculty will have an option to buy into the employee health and dental insurance plans at the retiree’s expense.
  • The College reserves the right to change (including terminate) the terms of any benefits provided under this option at any time without prior notice.