Pathways to Retirement
The current plan, offered through June 30, 2020, provides full-time tenured faculty members who are 65 or older with at least 10 years of service to Brandeis the opportunity to develop a plan for a personalized retirement path. There are three options:
You have no teaching or service obligations during the academic year following a signed retirement agreement, and you will retire at the end of that academic year. You will receive full salary and benefits over that academic year.
You have half-time teaching and service obligations during the two consecutive academic years following a signed retirement agreement. You will receive full salary and benefits over the two years and will retire at the end of the second academic year.
You have half-time teaching and service obligations during the two consecutive academic years following a signed retirement agreement, and quarter-time teaching and service obligations in the third consecutive academic year. You will receive 75% salary in the first two academic years and 50% salary in the third year. You will retire at the end of the third academic year.
In addition to these options, all participating faculty will receive $4,000 in research funds, which will carry forward each year until fully spent. If additional funding is needed to support research activities, applications may be made to the provost for research awards, which are dispersed annually on a competitive basis.
Accrued sabbaticals, based on current guidelines, may be added to any of the three options. Sabbaticals may be used to further reduce teaching and service obligations or to increase the number of years of full-salary payments.
For more information and answers to common questions, feel free to visit the Provost's website here.