Part I Section I: Salary and Benefit Provisions for Active Faculty
A-5 Phased Retirement
The University has approved phased retirement plans for academic years 2018-2021.
Phased retirement allows a full-time faculty member who is 62 or older with ten (10) years of full-time service at Fordham University to teach part-time at Fordham University. When in place, the provisions of a phased retirement plan may change from time to time, but generally include the following:
At the effective date of the phased retirement (normally September 1), the faculty member will no longer be a tenured member of the faculty.
The faculty member may start distributions from the Retirement Plan at any time after the effective date of the phased retirement contract.
The faculty member will continue to receive all benefits available to full-time tenured faculty including the University's contributions to the Retirement Plan, except that both the University's contributions and the faculty member's contributions will be based on the actual salary received by the faculty member.
A full-time faculty member must apply for phased retirement by January 31 for the next academic year.
A faculty member can be considered for appointment to emerita/us status in the final year of his or her phased retirement.
For plan details, faculty members should contact the Office of the Provost.
Pages in Part I Section I: Salary and Benefit Provisions for Active Faculty