Faculty Early Retirement Program (FERP)

Faculty Early Retirement Program (FERP)

The Faculty Early Retirement Program 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. For details on PRTBP, click here.

Additional Information & Resources

Pre-Retirement Reduction in Time Base Program (PRTBP) & Faculty Early Retirement Program (FERP) Summary (PDF)