Phased Retirement Agreement

The written phased retirement agreement will contain the following provisions:

• The faculty member agrees to formally retire from Elon University on an agreed-upon date (usually the end of the appropriate academic year).
• Unless specific provisions to the contrary are included in a Senior Faculty Fellow’s agreement with the University, that person will retain faculty privileges, responsibilities, and benefits as outlined in this Faculty Handbook. During the phased retirement period, faculty members will be considered full-time faculty and will receive all appropriate fringe benefits.
• The faculty member, Chair, and Dean will mutually agree on the responsibilities for teaching, service, and advising during the Senior Faculty Fellow’s phased retirement.
• The faculty member will draw half of his or her normal salary.
• Phased retirement cannot begin until it has been recommended by the Provost/Executive Vice President and approved by the President.