Ohio Administrative Code › Title 3342 - Kent State University › Chapter 3342-6 - Administrative Policy on Awards and Compensation for University Employees › Section 3342-6-10.1 - Administrative procedure regarding early retirement of regular full-time members of the faculty

Current through all regulations passed and filed through July 1, 2024
(A)
								The decision to
			 retire is an individual matter. Faculty members should first determine their
			 retirement status and options with the state teachers retirement system. The
			 university's staff benefits office will provide, upon request, information and
			 advice regarding the state teachers retirement system's rules and
			 regulations.
(B)
								The university, through the offices of the vice
			 president for faculty affairs and personnel, the director of personnel, and the
			 associate vice president for the extended university, will provide informal
			 advice and council to any regular full-time faculty member who wishes to
			 examine the possibilities of early retirement.
(C)
								After determining
			 their retirement status with the state teachers retirement system, Kent campus
			 faculty members interested in early retirement may initiate the process by
			 writing to the chairperson, with copies sent to the dean and vice president.
			 Regional campus faculty members may initiate the process by writing to the
			 campus dean with copies to the associate vice president and the vice president,
			 and the courtesy copies to the chair and college dean.
(D)
								The conditions of
			 an early retirement agreement are subject to mutual assent by the faculty
			 member and the university. For Kent campus faculty, the office of the vice
			 president for faculty affairs and personnel will receive recommendations from
			 the chairperson and dean before determining whether or not the university
			 wishers to authorize the agreement. For regional campus faculty, the office of
			 the associate vice president for the extended university will receive
			 recommendations from the campus dean and make an independent recommendation to
			 the vice president for faculty affairs and personnel.
(E)
								The following
			 guidelines have been established for the development of early retirement
			 agreements with members of the faculty.
(1)
									An early retiree
			 may be offered a part-time appointment up to a half-time load for a designated
			 number of years. Normally, such agreements are for a period of one to five
			 year.
(2)
									An early retiree's part-time appointment may be for any
			 part of an academic year or semester or summer term.
(3)
									Depending on the
			 load factor of the part-time appointment, an early retiree is eligible to
			 receive up to forty-seven per cent of his or her base salary at the time of
			 retirement.
(4)
									In agreements of longer that one year's duration, the
			 base salary of the early retiree will be adjusted proportionately according to
			 the same percentage amount of any across-the-board salary increase given to
			 regular full-time members of the faculty.
(5)
									An early retiree
			 who is on the graduate faculty, may continue as a graduate faculty member if
			 offered a part-time appointment. The status of the retiree's graduate faculty
			 appointment is subject to review at the time of the retiree's departmental
			 graduate faculty review.
(6)
									Upon the recommendation of the chairperson and the dean
			 (for Kent campus faculty) or of the associate vice president for the extended
			 university (for regional campus faculty), the early retirement agreement will
			 be prepared by the office of the vice president for faculty affairs and
			 personnel and submitted to the prospective retiree for the review and
			 acceptance.
Replaces: 3342-6- 10.1