Voluntary Phased Retirement Plan for Full-Time Faculty
The Office of the Provost is pleased to announce the Voluntary Phased Retirement Plan for eligible full-time faculty, which includes an opportunity for faculty on tenured contracts, Clinical Applied, Extended Temporary Contracts (“ETC”), and Associate in Music contracts in The Hartt School to apply.
The plan allows eligible faculty members who are contemplating retirement a gradual disengagement from their current responsibilities over a one or two-year period. Eligible faculty members may choose to reduce their workload and salary while retaining their full benefits at the same contribution rates as regular full-time faculty members. Faculty members who are approved to participate in the plan may access their TIAA-CREF retirement annuity while they are still working, subject to the terms of the funding vehicle.
To be eligible for the plan, full-time faculty members must meet the following criteria: A) hold a contract status of tenured, Clinical/Applied, ETC, or Associate in Music in the Hartt School; B) be at least 55 years of age; and C) must have at least 10 years of employment as a full-time faculty member at the University of Hartford by August 15, 2018. The plan is entirely voluntary. Faculty members may choose to retire without entering into a phased plan.
Details of the Voluntary Phased Retirement Plan can be found at http://hartford.edu/provost, under “Resources and Links.”
The enrollment period for the Voluntary Phased Retirement Plan begins immediately and ends on January 31st at 4:00 pm. Completed forms (with the faculty member’s and dean’s signature) must be submitted to the Provost’s Office no later than January 31st 2019 to be eligible for consideration so that faculty contracts issued on March 1, 2019 can reflect the phased retirement agreement.
If you have any questions, please contact Robert McAlpin, Director of Budgeting & Financial Oversight for Academic Affairs, at firstname.lastname@example.org.
2018.12.4 Voluntary Phased Retirement Plan for Full-Time Faculty 2019-20.pdf