Looking Forward to Uncapping: A Pilot Inquiry into Costs of Faculty Retirement Benefits and Inducements.Report as inadecuate

Looking Forward to Uncapping: A Pilot Inquiry into Costs of Faculty Retirement Benefits and Inducements. - Download this document for free, or read online. Document in PDF available to download.

A preliminary investigation was done of the effect of the elimination of mandatory retirement of tenured faculty in higher education and the estimated costs of providing faculty benefits and inducements in a future without mandatory retirement. The study developed a classification system of possible benefit packages including the following: (1) little or no cost benefits might include access to facilities and events and the right to serve on thesis, dissertation, and departmental committees; (2) a benefit package in the middle-cost range might include a campus center for retired faculty, ability to audit courses, and full mailing privileges; and (3) a high-cost benefit package for those continuing to teach or do research might include laboratory and research resources and access to shared departmental space, telephone, secretarial services, and supplies. The study asked administrators at nine institutions to estimate annual costs for each class of benefit. Results also showed that for the first class of benefits costs would be very little. The middle level of benefits might cost a few hundred dollars per year. The high cost level might mean thousands per year but would in some cases bring substantial return. (Contains 18 references.) (JB)

Descriptors: Administrator Attitudes, College Administration, College Faculty, Cost Effectiveness, Cost Estimates, Costs, Fringe Benefits, Higher Education, Retirement Benefits, Teacher Retirement

Author: Mauch, James E.; And Others

Source: https://eric.ed.gov/?q=a&ft=on&ff1=dtySince_1992&pg=7928&id=ED366273

Related documents