Faculty Retirement Dates
| 9-month Faculty* Pays over 10 months | 9-month Faculty* Pays over 12 months | 12-month Faculty Pays over 12 months |
Contract ends in May; does NOT work any summer sessions | Retirement Assignment date: June 1, 20xx Separation Date: May 31, 20xx. Note: this MUST occur so retiree benefits can be set up June 1 as there should be no earnings after May 31, 20xx. | Retirement assignment date: July 1, 20xx Separation Date: | Retirement assignment date: July 1, 20xx Separation Date:] |
Contract ends in May; works first summer session (pre-retirement) | Retirement assignment date: July 1, 20xx Separation Date: June 30, 20xx. Note: retiree benefits will be set up July 1. | Retirement assignment date: July 1, 20xx Separation Date: June 30, 20xx. Note: retiree benefits will be set up July 1. | Retirement assignment date: July 1, 20xx Separation Date: June 30, 20xx. Note: retiree benefits will be set up July 1. |
Contract ends in May; works first and second summer session (post-retirement) | Retirement assignment date: July 1, 20xx Separation Date: June 30, 20xx; Rehire & initiate new contract for July 1 for second summer session. Note: retiree benefits will be set up July 1 | Retirement assignment date: July 1, 20xx Separation Date: June 30, 20xx; Rehire & initiate new contract for July 1 for second summer session. Note: retiree benefits will be set up July 1 | Retirement assignment date: August 1, 20xx Separation Date: July 31, 20xx. Note: retiree benefits will be set up August 1, 20XX. |
Contract ends in May but retiree receives research pay through June 30, 20xx | Retirement assignment date: July 1, 20xx Separation Date: June 30, 20xx. Note: retiree benefits will be set up July 1. | Retirement assignment date: July 1, 20xx Separation Date: June 30, 20xx. Note: retiree benefits will be set up July 1. | Retirement assignment set up date: July 1, 20xx Separation Date: June 30, 20xx. Note: retiree benefits will be set up July 1. |
Contract ends at another time other than May | Per ERB rules 9-month Faculty can only retire July 1 or January 1; only exception typically accepted by ERB is if there is a secondary position that pays over 12 months. | Per ERB rules 9-month Faculty can only retire July 1 or January 1; only exception typically accepted by ERB is if there is a secondary position that pays over 12 months. | 912-month Faculty can retire any time within the year. |
Has a secondary or third job assignment ending later than May | Must separate from all job assignments using retirement date to guide separation date. | Must separate from all job assignments using retirement date to guide separation date. | Must separate from all job assignments using retirement date to guide separation date. |