Purpose
A tenured OU-HCOM faculty member eligible for
retirement under the State Teachers Retirement System (STRS) or the
Alternative Retirement Plan (ARP) and wishing to continue to working
part-time may elect to do so under the early retirement policy, per the
Ohio University Faculty Handbook Section III, R (http://www.ohio.edu/facultysenate/handbook/). All OU-HCOM faculty enrolled in the early retirement
program will be expected to follow this plan and no faculty will be
grandfathered under any previous plan. Refer to Ohio University policy 41.090 (http://www.ohio.edu/policy/41-090.html)
for further retirement separation information.
Workload Expectations During early retirement, the faculty member will be
permitted to work up to four months or approximately 1/3 of annual
academic workload (teaching/research/service). The distribution of the
academic assignments will be determined by the faculty member in
discussion with his/her academic Department Chair and after
consideration of the needs of the department. As with all OU-HCOM
academic assignments, assignments may include teaching, research, or
service as deemed appropriate by the Department Chair. The faculty
member, after approval with his/her Department Chair, may choose to
fulfill his/her obligation during summer. The workload expected of the
OU-HCOM faculty member during their assigned four months will be
approximately a third of their annual academic workload or, if
pre-approved, the equivalent time over a longer period.
Any special workload arrangement for faculty members working
under this policy must be pre-approved by the department chair and dean. After the Department Chair and the faculty member have
decided on the academic assignment, a copy of the agreement is to be
sent to OU-HCOM HR.
Workload
Calculations
1.
For
an OU-HCOM faculty person who is on Early Retirement and not practicing
clinically, workload for his or
her four months (or approximately 1/3 annual academic load) will be
figured as follows:
a.
Teaching/Research/Service effort per 1 ER FTE: 16 wks (4 months)/yr x
7.5hr/day x 5day/wk = 600 hrs/FTE
2.
For an OUHCOM
faculty person who is on Early Retirement, but retains clinical
practice, the workload for his or her four months (or approximately 1/3
annual academic load) will be figured as follows:
a.
Teaching/Research/Service effort per 1 ER FTE: 16 wks (4 months)/yr x
7.5 hr/day x 5day/wk = 600 hrs/FTE x % dedicated to academic time =
academic hours for semester (academic percentage not to fall below
percentage of time at retirement).
Note: For either example
above, time will be prorated as appropriate if special workload is
negotiated.
Compensation
The standard arrangement
will be that the faculty member works the equivalent of four months of
the specified departmental academic load for four months of the
annual base salary. What constitutes
the four-month equivalency should be flexible enough for a department to
support curricular innovations. In subsequent years,
the salary will be adjusted according to University policy by the
average percentage increase afforded the Group I faculty as a whole.
If
a faculty member is approved to fulfill his or her early retirement term
time over a longer period, compensation would remain at the four-month
rate and would be paid only during the faculty members early retirement
term. Any special financial arrangements for a faculty member teaching
under this policy must be approved by the OU-HCOM dean and then by the
Provost.
Performance Review Early retired faculty will have
their performance reviewed annually in accordance with departmental
procedures.
Insurance
Refer to University Human Resources for information regarding health and
life insurance for early retirees:
http://www.ohio.edu/hr/benefits/financial/retirement.cfm
Special Arrangements
Refer to the Ohio University Faculty Handbook for information on special
arrangements (e.g., office space or parking) (Section V.F)
http://www.ohio.edu/facultysenate/handbook/
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