Early Retirement Incentives for Full-Time Faculty - MOBILE VIDEO

PRESENTER: Gregory S. Goodhart - Administrators of postsecondary institutions have increased the usage of early retirement incentives from 35% in 1987 to 57% in 2005. One of the reasons administrators have used this human resource tool is to increase turnover of faculty since an amendment to the Age Discrimination in Employment Act eliminated a mandatory retirement age for higher education faculty in 1994. Through ANOVA analyses, this study examined differences in annual retirement rates and average retirement age based on retirement incentives and institutional characteristics. Multiple variable regression was used to analyze models to predict annual retirement rates and average retirement age.