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The tenure-track faculty member’s reduced salary will be used to determine the medical benefit contribution rate in each year of phased retirement.

Yes. During both years, a participating tenure-track faculty member remains eligible for full-time medical benefits, including medical, dental, vision, and prescription coverage.

No. The compensation in both years is calculated using the base annual contract salary from the year before the first year of phased retirement and the approved full-time equivalent (FTE) for each year.

Second-year compensation is reduced to the same percentage as the approved second-year full-time equivalent (FTE). The second year, the calculation is based on the tenure-track faculty member’s base annual contract salary from the year preceding the first year of phased retirement.

During the second year, the tenure-track faculty member’s appointment must be between 50 percent and 25 percent of the full-time equivalent (FTE). The approved FTE must remain unchanged for the entire second year.

The faculty member would receive 60 percent of the base annual contract salary from the year preceding the first year of phased retirement. For example, if the base annual contract salary is $100,000, then 60 percent would be a salary of $60,000 for January through December, excluding any summer assignments. Academic Personnel is available to answer any specific questions. You can contact them at academic_personnel@kent.edu or 330-672-8702.

Compensation is reduced to the same percentage as the tenure-track faculty member’s approved full-time equivalent (FTE). The calculation is based on the tenure-track faculty member’s base annual contract salary from the year immediately preceding the first year of phased retirement.

During the first year, the tenure-track faculty member’s appointment must be between 75 percent and 50 percent full-time equivalent (FTE) . The approved FTE must remain unchanged for the entire first year.

The tenure-track faculty member will be fully separated from the university after completing the second year of phased retirement.

Yes. A tenure-track faculty member may choose to retire at any point during the two-year phased retirement period.