1 / 8

ACADEMIC POST RETIREMENT EMPLOYMENT FEBRUARY 27, 2009

ACADEMIC POST RETIREMENT EMPLOYMENT FEBRUARY 27, 2009. RECALL PARAMETERS. GENERALLY REQUIRES A 90 DAY BREAK FOLLOWING RETIREMENT RETURN CAN BE NO SOONER THAN 30 DAYS LIMITED TO 43% (OR DOLLAR EQUIVALENT) ON A MONTHLY BASIS MUST SIGN UCRP WAIVER FORM SUBJECT TO DCP CONTRIBUTIONS.

lajos
Download Presentation

ACADEMIC POST RETIREMENT EMPLOYMENT FEBRUARY 27, 2009

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. ACADEMICPOST RETIREMENT EMPLOYMENTFEBRUARY 27, 2009

  2. RECALL PARAMETERS • GENERALLY REQUIRES A 90 DAY BREAK FOLLOWING RETIREMENT • RETURN CAN BE NO SOONER THAN 30 DAYS • LIMITED TO 43% (OR DOLLAR EQUIVALENT) ON A MONTHLY BASIS • MUST SIGN UCRP WAIVER FORM • SUBJECT TO DCP CONTRIBUTIONS

  3. RECALL PARAMETERS • ANNUAL APPOINTMENTS • BC REVIEW EVERY 3 YEARS FOR TEACHING RECALLS • NOT ELIGIBLE FOR MERITS OR PROMOTIONS • BASE SALARY SUBJECT TO COLAS AND MARKET/RANGE ADJUSTMENTS • MUST BE OVER 60 YEARS OF AGE TO NEGOTIATE RECALL PRIOR TO RETIREMENT

  4. RECALL FOR TEACHING • COMPENSATION IS USUALLY NEGOTIATED • CAN BE ON A BY-AGREEMENT (FLAT RATE) OR PERCENTAGE BASE • SUBJECT TO NEEDS OF DEPARMENT AND BUDGET

  5. RECALL FOR RESEARCH • MUST BE ON A PERCENTAGE BASIS • “SUMMER COMP” IS ALSO RESTRICTED TO 43% • NOT ELIGIBLE FOR RETIREMENT CONTRIBUTIONS ON SUMMER SALARY

  6. ADMINISTRATIVE RECALL • MAY BE ON A PERCENTAGE OR BY-AGREEMENT BASIS • MAY BE PAID A STIPEND, DEPENDING ON ROLE • STIPEND IS INCLUDED IN THE LIMIT OF 43% OR $ EQUIVALENT

  7. PROFESSOR OF THE GRADUATE SCHOOL • For those fully engaged in research and who continue to contribute to the graduate program • Requires residency equal to one semester per year • No research funds nor salary provided • Appointments are for one year terms, renewable • By approval of the Chancellor, can retain endowed chair until end date of chair appointment (no renewals) or 3 years, whichever is sooner

  8. FACULTY RETIREMENT PLANNING PROGRAM • For June 2009 retirements only • At least age 60 • $40,000 provided to department/school • $5,000/year up to 3 years for a research fund if appointed as a Professor of the Graduate School • At least $25,000 must go to teaching replacement (recall or other instructor)

More Related