Retirement and Phased Retirement Eligibility and Policies
- A tenured faculty member, senior lecturer, or renewable term lecturer is eligible to retire after ten years of service at Santa Clara University and after reaching age 55.
- A faculty member must notify the chair, dean and provost one full year before the academic year in which retirement is to begin.
Phased retirement eligibility
- A tenured faculty member or senior lecturer is eligible to apply for phased retirement after seven years of service at Santa Clara University, and usually not earlier than age 55.
- Phased retirement involves a reduction in University responsibilities with a corresponding decrease in salary, over a period no longer than five years.
- Compensation is proportional to the level and distribution of responsibilities for teaching, scholarship, and service.
- Faculty in phased retirement maintain benefits including health care, long term disability, life insurance, retirement and supplemental retirement plans, and tuition remission.
- Phased retirement does not affect tenure, rank, membership in the Faculty Senate, or any faculty privileges. Faculty in phased retirement may be asked to share office space.
- Phased Retirement Template 4.2021
- Phased Retirement FAQs September 2020
- Phased Retirement FAQs for Chairs and Deans 2020
- Planned reduction in teaching, scholarship & service with a corresponding reduction in salary
- Percent reduction in responsibility based on individual desiderata
- No effect on tenure status, rank, membership in Faculty Senate, or other faculty privileges
Timeline and responsibilities
- Faculty phase into retirement for up to five years
- Period of phasing may be shortened at faculty request
- Responsibilities may be further reduced at faculty request, but may not be increased
- Reduction in salary corresponds to reduction in responsibilities for teaching, scholarship & service
- Base salary for computation is salary of year before phased retirement begins
- Salary subject to merit increases
- No reduction in benefits during phased retirement
- Benefits include health care, long term disability (to the extent eligibility criteria are met), life insurance, pre-tax deductions, retirement & supplemental retirement plan, tuition remission, etc.
- Employer contribution to retirement plan based on actual salary
- Faculty typically maintain office space
Application and approval process
- Faculty member consults with the Associate Provost for Faculty Affairs(firstname.lastname@example.org), ideally one year prior to planned start of phased retirement
- Provost’s Office prepares preliminary draft of Phased Retirement Agreement
- Chair and Dean are consulted as needed
- Faculty member and Provost affirm draft agreement
- Provost’s office prepares formal agreement for signatures of Provost and faculty member