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Faculty Renewal
Faculty Renewal
     

Phased Retirement Program
September 29, 2012

Faculty are at the heart of any great university.Based on a year of study of best practices and faculty plans, and with extensive campus consultation, at the beginning of Academic Year 2011-12 the University offered the Phased Retirement Program (PRP) to retirement-eligible tenured, Career Status and Master Instructor faculty.

The PRP is a onetime, entirely voluntary program. Faculty who elected to participate could fully retire on June 30, 2012 or could choose to progressively reduce their workloads over a period of up to five years, individually tailored to a faculty member's preference while considering the instructional and other needs of the faculty member's department. Each interested faculty member worked with her/his Dean and department chairperson to determine the number of years of continuing service (up to five), percentage of full-time service for each year (from 25 to 100 percent), and the duties that the faculty member would perform each year. The University offered a range of benefits for faculty who elected to enter the PRP, including a retirement incentive payment of up to a year's salary for faculty with twenty-six or more years of credited Howard service.

Four hundred forty seven (447) faculty were eligible to apply to participate in the PRP. One hundred seventy three (173) applied and became participants (39 percent). No eligible faculty member who requested participation was denied by the University. Even as the instructional and research needs of departments were protected, faculty requests were honored for the number of remaining years of service, workload and duties.

Independent financial and retirement planning services were provided to all PRP-eligible faculty, whether or not they intended to apply to participate in the PRP. The goal was that every eligible faculty member make a well-informed personal decision about whether to participate, and be better prepared for future retirement whether or not that occurred under the PRP. Almost without exception, the faculty reaction to the PRP was one of appreciation. Faculty were treated individually and with respect, reflecting the role these senior faculty had in creating and developing the academic programs to which they had devoted most of their professional careers. This is revealed in the following statistics: at full retirement, PRP faculty will average 71 years of age and have served Howard for over 34 years.

PRP participants are drawn from each of the University's schools and colleges, with the largest cohorts drawn from Arts and Sciences (67 faculty) and from the College of Medicine (21 faculty). Here is a chart of the academic ranks of PRP participants.

Rank of PRP Participants

Count

Professor

99

Associate Professor

46

Assistant Professor

4

Master Instructor and Career Status

24

Total

173

 

Here is a chart of the number of PRP faculty who will fully retire on June 30th of the designated year:

Updated September 27, 2012

Howard University, Office of University Communications,
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