ACADEMIC POST RETIREMENT EMPLOYMENT FEBRUARY 27, 2009.

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Presentation transcript:

ACADEMIC POST RETIREMENT EMPLOYMENT FEBRUARY 27, 2009

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

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

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

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

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

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

FACULTY RETIREMENT PLANNING PROGRAM For June 2009 retirements only For June 2009 retirements only At least age 60 At least age 60 $40,000 provided to department/school $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 $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) At least $25,000 must go to teaching replacement (recall or other instructor)