Table of Contents
Many institutions incentivize retirement as a reaction to unstable fiscal situations rather than proactively managing the process to find a mutually beneficial solution for the institution and employees. In this online training, you will learn how Cedar Crest College approached this thorny faculty issue by implementing a respectful and phased approach to retirement. Similarly, you will hear how the college was able to provide its staff financial freedom to retire. You will leave this training with an understanding of the structure that made this mutually beneficial arrangement possible, including the timing of the roll-out as well as the financial and academic impact of the retirement incentives program.
- Cedar Crest Process Case Study
- Strategic review process snapshot
- Analysis, design, evaluation and communication
- Impact and provost considerations
- Applying this process to your campus
- Analyze: financial, demographics, cost/benefit
- Design: creating multiple options and understanding impact
- Evaluate: cost, eligibility, impact, and morale
- Communicate: inclusive strategies and messaging
- Ongoing monitoring, feedback and support
Who should attend?
Financial and academic administrators charged with strategic planning, personnel management, and fiscal/resource management, as well as those who seek information on the types of financial and personnel incentives included in an incentivized retirement plan.
Note: This training provides an administrator’s perspective and may not be appropriate for faculty and faculty development professionals.
Complimentary Retirement Resources
Included with your registration are a number of additional resources to help your faculty retirement initiative, including:
- Staffing survey
- Eligible employees chart to help track eligibility
- Samples of Cedar Crest College’s plan
- Examples of forms and agreements
- Plan announcement memo
Case Study: Cedar Crest College
Our expert will walk you through the impact of an ongoing incentivized retirement plan validated over the last eight years. You will learn strategies that enhance the transition process for both the outgoing and incoming faculty/staff.