College and university retirement programs
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College and university retirement programs a review of their adequacy under realistic assumptions. by Robert M. Soldofsky

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Published by Bureau of Business and Economic Research, College of Business Administration, University of Iowa in Iowa City .
Written in English

Subjects:

  • College teachers -- Salaries, etc. -- United States

Book details:

Edition Notes

Bibliographical footnotes.

ContributionsUniversity of Iowa. Bureau of Business and Economic Research.
The Physical Object
Paginationviii,55p.
Number of Pages55
ID Numbers
Open LibraryOL13577958M
OCLC/WorldCa427236

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  As demand grows for alternative retirement destinations, entrepreneurs are coming up with increasingly innovative solutions. One of these exciting developments is University Based Retirement Communities, where seniors live on campus alongside students. Read more about this mutually-beneficial arrangement here. Research universities are also more likely than other colleges and universities to have offered a buyout program and to have implemented a phased retirement program. A case study is examined of the largest buyout program, the voluntary early retirement incentive programs (VERIPS) used by the University of California in the first half of the s. Best Places to Retire Colleges and universities have become increasingly involved in the development of retirement communities on or near their campuses. The extent of each college’s involvement varies. Some communities merely lease land from the university and have no special connection to campus programs. Others are creating communities for their alumni with golf courses, [ ].   Its network includes college and university programs across the country. At Berkshire Community College's Osher Lifelong Learning Institute, membership is $60 per year, and classes are $50 each.

  Colleges and universities are facing lopsided demographics, as a decline in the number of year-olds cuts deeply into enrollment while the number of retirees is growing fast. There are 3 million fewer students now than there were at the last peak, in , according to the National Student Clearinghouse Research Center, which tracks this. The end of mandatory retirement has given tenured faculty a new job privilege. Except for faculty dismissed for cause, a tenured faculty member's decision to leave a University is now entirely at the discretion of the faculty member. At one time, the implicit contract between a university and a professor involved tenure for a certain number of years followed by its termination at a specified age. Retirement incentive programs, unlike retirement benefit program (discussed in Chapter 4), are specifically designed to encourage faculty turnover, typically by offering part-time employment or payment in exchange for an agreement to the past decade some colleges and universities have offered retirement incentive programs to faculty in response to the – change in the.   Many of those retirees worked for universities and colleges. And while most fall under state pension plans, some are covered by their schools alone, which have similar troubles; the University of California Retirement Plan pension fund, for instance, has a shortfall of between $8 billion and $16 billion, depending on who’s making the estimate.

  The Harvard program costs $ for up to three courses a year. The students range in age from 60 to 95, says director Leonie Gordon. "Retirement is .   Another classic college hack is to attend community college for two years in a college transfer program. Then, apply to a four year college and transfer in those two years of community college credits. This way you only pay for two years of the more expensive university tuition. I’m a little skeptical of this one after running the numbers.   Universities and colleges are sponsoring retirement communities on their grounds, hoping that young and old can enrich each other’s lives while filling the school’s coffers. There are educational programs for people of any level of mental and/or physical disability If you haven't obtained a high school diploma or college degree, retirement is truly a great time to do it. Chances are you simply didn't have the time, money, or energy to do it when you were younger but if you have prepared for retirement, you.