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\ REMINDER: Don't forget to vote on Election Day, Nov. 4 Faculty retirement plan previewed Studio bridges imaginations Centennial revs interns South Mountaineer Abdullah helps Lehigh halt Dartmouth streak LehighWeek with South Mountaineer Volume 11, Issue 10 Lehigh University Campus Weekly October 28,1997 New faculty phased retirement plan previewed No leaf was left unraked Bill Adams Kappa Alpha fraternity brothers join a group of Lehigh student volunteers who cleaned debris along Saucon Creek in Saucon Park on Oct. 19. Organized by Lehigh's Hillel Society, the project attracted fraternities, sororities and other student groups. City employees provided equipment and advice. Pam Shealey Yuka Yazaki '97 escorts Yasunori Nishijima (far right), professor emeritus of Kyoto University, and his wife, Satoka, during a conference on global competition last week. The tworday event drew business and academic leaders from the U.S., Japan and Canada to the Zoellner Arts Center. See story on Page 3. M LEHIGH ^r University LehighWeek Office of Communications/Design 422 Brodhead Avenue Bethlehem, Pennsylvania 18015-3067 PHILIP A. METZGER INFO RES CLIENT SERVICES LINDERMAN LIBRARY NO.030 A new voluntary phased retirement plan for faculty was introduced at the faculty meeting Oct. 20 by Prof. Ed Shapiro of the Faculty Compensation Committee (FCC). The Voluntary Phased Retirement Program, which is not quite finalized, is being developed by the FCC and Vice President Rhonda Gross. A detailed final plan will be distributed in writing to the faculty and an open meeting will be held to discuss the plan before it is approved. "It is not an early retirement plan," said Shapiro. "It is primarily focused on a mechanism that helps faculty considering retirement ease into a lifestyle change." The plan would allow tenured faculty who have at least 10 years of service and are 55 or older to reduce their effort from full time to 50 percent for a period of up to three years. During this time, they would receive 60 percent of their salary and continue to be covered by all university benefits. These faculty would have access to their TIAA/CREF retirement benefits during this period. The nature of the 50-percent effort will be negotiated individually with the department chair and dean, and agreed to by the provost. At the end of the three years, the faculty member would give up tenure and become fully retired. During the phased retirement period, budget reductions would remain within the individual college. Shapiro stressed that this is a voluntary plan and does not preclude individual agreements which are now also possible as explained in the Faculty Rules and Procedures (R&P). "We began working on the plan more than a year ago," said Shapiro. "Our hope is to have all parts of the plan in place in the next week or so. The implementation for the plan is the administration's responsibility once all the parts of the plan are in place." The FCC hopes it would start in July. The committee had five considerations: to allow faculty to be able to move into retirement gradually without the abrupt cutoff of ties to Lehigh; to provide opportunities for faculty renewal (as faculty retire and new faculty are hired); the impact of a phased retirement plan on the quality of education delivered; the opportunity for faculty to maintain medical coverage; and the budget impact on Lehigh. "It must be budget-neutral," Shapiro added. Faculty were required to retire at age 70 until 1993, when a federal ruling eliminated mandatory retirement for faculty. —Rita Malone NON-PROFIT MAIL U.S. Postage Paid Permit No. 230 Bethlehem, Pa. 18015
Object Description
Title | LehighWeek Volume 11, Issue 10 |
Subject | Lehigh University--Periodicals |
Description | Reports on the past week's news, and schedules of upcoming events, at Lehigh University. Thirty issues yearly, published weekly, except for vacations, during the school year, and once or twice a month during the summer. |
Creator | Lehigh University. Dept. of University Relations. |
Publisher | Lehigh University |
Date | 1997-10-28 |
Type | Text |
Format | newsletters |
File Format | image/tiff |
Extent | 8 pages |
Dimensions | 38 cm. x 28 cm. |
Identifier | SC LSer L522 V11 N10 |
Language | Eng |
Rights | http://rightsstatements.org/vocab/InC/1.0/ |
Catalog Record | https://asa.lib.lehigh.edu/Record/304229 |
Description
Title | [Front cover] |
Identifier | SC LSer L522 V11 N10 001 |
Language | Eng |
Rights | http://rightsstatements.org/vocab/InC/1.0/ |
Catalog Record | https://asa.lib.lehigh.edu/Record/304229 |
Full Text | \ REMINDER: Don't forget to vote on Election Day, Nov. 4 Faculty retirement plan previewed Studio bridges imaginations Centennial revs interns South Mountaineer Abdullah helps Lehigh halt Dartmouth streak LehighWeek with South Mountaineer Volume 11, Issue 10 Lehigh University Campus Weekly October 28,1997 New faculty phased retirement plan previewed No leaf was left unraked Bill Adams Kappa Alpha fraternity brothers join a group of Lehigh student volunteers who cleaned debris along Saucon Creek in Saucon Park on Oct. 19. Organized by Lehigh's Hillel Society, the project attracted fraternities, sororities and other student groups. City employees provided equipment and advice. Pam Shealey Yuka Yazaki '97 escorts Yasunori Nishijima (far right), professor emeritus of Kyoto University, and his wife, Satoka, during a conference on global competition last week. The tworday event drew business and academic leaders from the U.S., Japan and Canada to the Zoellner Arts Center. See story on Page 3. M LEHIGH ^r University LehighWeek Office of Communications/Design 422 Brodhead Avenue Bethlehem, Pennsylvania 18015-3067 PHILIP A. METZGER INFO RES CLIENT SERVICES LINDERMAN LIBRARY NO.030 A new voluntary phased retirement plan for faculty was introduced at the faculty meeting Oct. 20 by Prof. Ed Shapiro of the Faculty Compensation Committee (FCC). The Voluntary Phased Retirement Program, which is not quite finalized, is being developed by the FCC and Vice President Rhonda Gross. A detailed final plan will be distributed in writing to the faculty and an open meeting will be held to discuss the plan before it is approved. "It is not an early retirement plan," said Shapiro. "It is primarily focused on a mechanism that helps faculty considering retirement ease into a lifestyle change." The plan would allow tenured faculty who have at least 10 years of service and are 55 or older to reduce their effort from full time to 50 percent for a period of up to three years. During this time, they would receive 60 percent of their salary and continue to be covered by all university benefits. These faculty would have access to their TIAA/CREF retirement benefits during this period. The nature of the 50-percent effort will be negotiated individually with the department chair and dean, and agreed to by the provost. At the end of the three years, the faculty member would give up tenure and become fully retired. During the phased retirement period, budget reductions would remain within the individual college. Shapiro stressed that this is a voluntary plan and does not preclude individual agreements which are now also possible as explained in the Faculty Rules and Procedures (R&P). "We began working on the plan more than a year ago," said Shapiro. "Our hope is to have all parts of the plan in place in the next week or so. The implementation for the plan is the administration's responsibility once all the parts of the plan are in place." The FCC hopes it would start in July. The committee had five considerations: to allow faculty to be able to move into retirement gradually without the abrupt cutoff of ties to Lehigh; to provide opportunities for faculty renewal (as faculty retire and new faculty are hired); the impact of a phased retirement plan on the quality of education delivered; the opportunity for faculty to maintain medical coverage; and the budget impact on Lehigh. "It must be budget-neutral," Shapiro added. Faculty were required to retire at age 70 until 1993, when a federal ruling eliminated mandatory retirement for faculty. —Rita Malone NON-PROFIT MAIL U.S. Postage Paid Permit No. 230 Bethlehem, Pa. 18015 |
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