Faculty Early Retirement Program

 

Faculty Early Retirement Program (FERP) Checklist (PDF)

 

The Faculty Early Retirement Program (FERP) allows tenured faculty who are eligible for service retirement to retire and continue teaching for a maximum time-base and duration (currently 50% of your timebase in the year prior to retirement for the academic year OR one semester for a maximum of 5 years) as established in the Unit 3 Faculty Collective Bargaining Agreement, Article 29, page 78.

 

Pre-Retirement Reduction in Time Base Program (PRTBP)

The Pre-Retirement Reduction in Time Base Program (PRTBP) allows academic employees to phase into actual retirement through reduction in time base to an average of two-thirds, one-half, or one-third of full-time while maintaining full retirement credit and other benefits for a maximum of five years, as established in the Unit 3 Faculty Collective Bargaining Agreement, Article 30, page 81.