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Phased Retirement Program

 

General Information

The University of North Carolina Phased Retirement Program is designed to provide an opportunity for eligible full-time tenured faculty members to make an orderly transition to retirement through half-time (or equivalent) service. The goals of the Program are to promote renewal of the professor in order to ensure institutional vitality and to provide additional flexibility and support for individual faculty members who are nearing retirement. The Program is entirely voluntary and will be entered into by a written agreement between an Eligible Faculty Member and the institution.

Faculty members who enter the Phased Retirement Program retain their professional rank and the full range of responsibilities and rights associated with that rank as described in the Faculty Code (except for the status of permanent tenure). In addition, departments and schools are encouraged to extend full departmental rights and benefits to faculty in the program on those matters not specified in the Faculty Code. Enrolling Eligible Faculty Members may elect to begin receiving the benefits they have accrued under either the Teachers’ and State Employees’ Retirement System or the Optional Retirement System, but they are not required to do so.

 

2017 Plan Year Informational Sessions

Monday, October 23, 2017 – 1:00pm – 3:00pm, Toy Lounge, Dey Hall

Tuesday, October 24, 2017 – 9:00am – 11:00am, Toy Lounge, Dey Hall

Wednesday, November 1, 2017 – 1:00pm – 3:00pm, Toy Lounge, Dey Hall*

*(Targeted for Medical and Dental Faculty)

 

Program Contacts for More Information

General program eligibility and terms of phased retirement appointments: Frank Lewis, Human Resources Consultant, Tel. 962-1091.

Retirement benefits eligibility for individuals contemplating or already active in phased retirement: Shauna Stackhouse, Director of Benefit Program Administration, Tel. 962-3071.

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