A. Early Separation
Early separation (tenure buy-out) may be attractive to faculty who wish to leave the employ of the institution prior to the time when they receive full social security/Medicare benefits.
Early separation (tenure buy-out) will be discussed on an individual basis. Typically, persons eligible should be at least 55 and have served 15 years or more. The financial impact to the college will be a significant consideration. Discussion items will typically include:
- Compensation expectations
- Health insurance
- Other financial benefits
- Education benefits
- Post-separation adjunct teaching opportunities
B. Phased Separation
Phased separation (tenure buy-out) may be attractive to faculty who wish to reduce their teaching commitment at the institution over one or more years.
Phased Separation will be discussed on an individual basis. Typically, persons eligible should be at least 55 and have served 15 years or more. The financial impact to the college will be a significant consideration. Discussion items will typically include:
- Compensation expectations
- Health insurance
- Other financial benefits
- Education benefits
- Length of phase-down
- Teaching assignment during phase-down
- Administrative assignment during phase-down
C. Process
Faculty interested in discussing a potential voluntary separation agreement should contact the academic dean.