Faculty Retirement End Date Scenarios

Scenario

9-month Faculty

Pays 10/10

9-month Faculty

Pays 10/12

12-month Faculty

Pays over 12/12

The contract ends May; does NOT work any summer sessions

Retirement Assignment date: June 1, 20xx

Separation Date: May 31, 20xx

Note: this MUST occur so retiree benefits can be set up June 1 as there should be no earnings after May 31, 20xx

Retirement assignment date: July 1, 20xx

Separation Date: June 30, 20xx

Note: retiree benefits will be set up on July 1.

Retirement assignment date: July 1, 20xx

Separation Date: June 30, 20xx

Note: retiree benefits will be set up on July 1.

The contract ends May; works first summer session (pre-retirement)

Retirement assignment date: July 1, 20xx

Separation Date: June 30, 20xx

Note: retiree benefits will be set up on July 1.

Retirement assignment date: July 1, 2014

Separation Date: June 30, 2014.

Note: retiree benefits will be set up on July 1.

Retirement assignment date: July 1, 20xx

Separation Date: June 30, 20xx

Note: retiree benefits will be set up on July 1.

The contract ends May; works first and second summer session (post-retirement)

Retirement assignment date: July 1, 20xx

Separation Date: June 30, 20xx

Rehire & initiate a new contract under Supplemental work agreement July 1 for a second summer session.

Note: retiree benefits will be set up July 1

Retirement assignment date: July 1, 20xx

Separation Date: June 30, 20xx

Rehire & initiate a new contract under Supplemental work agreement July 1 for a second summer session.

Note: retiree benefits will be set up July 1

Retirement assignment date: August 1, 20xx

Separation Date: July 31, 20xx

Note: retiree benefits will be set up August 1, 20xx

The contract ends May but retiree receives research pay through June 30, 20XX

Retirement assignment date: July 1,20xx

Separation Date: June 30, 20xx

Note: retiree benefits will be set up on July 1.

Retirement assignment date: July 1,20xx

Separation Date: June 30, 20xx

Note: retiree benefits will be set up on July 1.

Retirement assignment set up date: July 1, 20xx

Separation Date: June 30, 20xx

Note: retiree benefits will be set up on July 1.

The contract ends at another time other than May

Per ERB rules 9-month Faculty can

only retire July 1 or January 1;

(This section is pending confirmation)

Per ERB rules 9-month Faculty can

only retire July 1 or January 1;

(This section is pending confirmation)

12-month Faculty can retire any time within the year.