|
Retirement
Age
| Effective Date: |
01.16.1980 |
Revision Date: |
09.23.1987 |
| Chapter Name: |
Employment
/ Affirmative Action |
Policy Number: |
3.4.2.1 |
| Policy Name: |
Retirement
Age |
| A
PDF version of this policy is available
via this link. |
Early retirement for all employees is 55 years
of age and regular retirement is 60, providing they
meet the retirement requirements of the plan they
have selected. The plans are the Michigan Public
School Employees Retirement System (MPSERS) or the
Teachers Insurance Annuity Association College Retirement
Equities Fund (TIAA-CREF). For all employees there
is no compulsory retirement age except for:
- Tenured Faculty (this exception
expires on December 31, 1993 for this
group of employees mandatory retirement
age remains at 70).
- Employees covered by a collective
bargaining agreement in effect on
June 30, 1986, which terminates after
January 1, 1987, the policy will not
apply until the termination of the
collective bargaining agreement or
January 1, 1990, whichever occurs
first.
Faculty members planning to retire at age 55 should
inform their department heads a year
in advance of their retirement to ensure
orderly rearrangements of class assignments.
| Authority
for Creation or Revision: |
|
Minutes of the Board of Regents, January
16, 1980; para. .2181M.
Minutes
of the Board of Regents, September 23, 1987;
para. .3556M.
|
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