RICE UNIVERSITY
Report of the Ad Hoc Faculty Advisory Committee on Retirement
August, 1998

 

Table of Contents

Report Home Page

 

I. Conclusions and Recommendations

 

II. Faculty Leadership Interviews Summary

Introduction

Objectives
Interviewees
Organization and Methodology

Retirement Issues and Incentives

Long-Term Issues Affecting the University

The Implicit Contract Between the University and the Faculty

 

III. Faculty Focus Groups Summary

Introduction

Objectives
Organization and Methodology

Demographics of Active Faculty Attending Focus Groups

Financial and Retirement Planning

Satisfaction with Retirement Plans and Practices

Priorities for Change

Long-Term Issues and Retirement

 

IV. Faculty Retirement Survey Summary (Part 1)

Response Rates and Demographics

Reporting Methodology

Satisfaction with Retirement Plans and Communications

Career Planning

Financial and Retirement Planning: Faculty need assistance in financial and retirement planning

Financial needs in retirement
Confidence in having enough retirement income
Making investment decisions for retirement
Independent workshops and consultations

Forecasting Retirement Age and Replacement Income

IV. Faculty Retirement Survey Summary (Part 2)

Retirement Benefits Communication

Number of Faculty Retiring

Retirement Processes and Practices

Retirement Communication
Faculty have mixed views on the Deans taking a more active role in retirement discussions and processes

Factors Important to Faculty in Retirement

Connection to the University

Faculty Comments

 

Appendices

A. Ad Hoc Faculty Advisory Committee on Retirement Charge Memo

B. Retirement Practices at Other Universities

C. Faculty Retiree Data, 1989 - 1998

D. Faculty Leadership Interviews: Pre-Interview Package

E. Faculty Focus Group Invitation

F. Faculty Retirement Survey


 


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