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Tables for 2000 Survey on Retirement Program
Table 1 Response Rates to The Survey of Changes in Faculty Retirement Policies
Table 2 Distribution of Sampled Institutions by Type, Control and Retirement Plan Type
Table 3 Contribution Rates in Defined Contribution Systems
Table 4 Percentages of Average Salary Received Per Year of Service in Defined Benefit Retirement Systems
Table 5 Percentage of Institutions in Each Category that Had One or More Financial Incentive Programs Since 1995 to Encourage Faculty Members to Retire Prior to Age 70
Table 6 Percentage of Institutions in Each Category that Reported Having Had "Buyouts" Since 1995
Table 7 Percentage of Institutions in Each Category that Currently Have a Formal Phased Retirement Program
Table 8 Is the Fraction of Tenured Faculty Who Continue Full-Time Employment After Age 69 Greater Now than It Was Prior to the Elimation of Mandatory Retirement
Table 9 Percentage of Institutions that Provide Each Benefit to Retired Faculty
Table 1
Response Rates to The Survey of Changes in Faculty Retirement Policies
Table 2
Distribution of Sampled Institutions by Type, Control and Retirement Plan Type*
|
Defined Contribution |
Defined Benefit |
Combined System |
Each System |
|
|
Private Doctoral |
24 |
0 |
1 |
1 |
|
Private Masters |
64 |
4 |
1 |
0 |
|
Private Baccalaureate |
109 |
5 |
1 |
0 |
|
Private 2 yr. w/ Faculty Ranks |
1 |
0 |
0 |
0 |
|
Private 2 yr. w/o Faculty Ranks |
2 |
2 |
0 |
0 |
|
Public Doctoral |
19 |
14 |
13 |
51 |
|
Public Masters |
13 |
18 |
11 |
72 |
|
Public Baccalaureate |
6 |
5 |
5 |
22 |
|
Public 2 yr. w/ Faculty Ranks |
5 |
11 |
5 |
49 |
|
Public 2 yr. w/o Faculty Ranks |
7 |
34 |
9 |
23 |
|
Totals |
250 |
93 |
46 |
218 |
* One institution did not respond to this question.
Table 3
Contribution Rates in Defined Contribution Systems
| Contribution Rate | Number of Institutions in Which the Institution Contributes the Rate | Number of Institutions in Which Faculty Members' Minimum Required Contribution Rate Is |
|
0 |
4 |
79 |
|
1 |
2 |
6 |
|
2 |
1 |
11 |
|
3 |
5 |
34 |
|
4 |
8 |
20 |
|
5 |
38 |
105 |
|
6 |
48 |
50 |
|
7 |
37 |
29 |
|
8 |
67 |
31 |
|
9 |
58 |
18 |
|
10 |
93 |
9 |
|
11 |
22 |
0 |
|
12 |
15 |
1 |
|
13 |
3 |
0 |
|
14 |
12 |
0 |
|
15 |
2 |
0 |
|
20 |
0 |
1 |
|
25 |
1 |
0 |
|
other* |
75 |
0 |
| * Institutional rate varies with age, years of service, and/or age. | ||
Table 4
Percentages of Average Salary Received Per Year of Service in Defined Benefit Retirement Systems*
|
Percentage |
Number of Institutions |
|||
|
1.0 |
1 |
|||
|
1.4 |
2 |
|||
|
1.5 |
4 |
|||
|
1.6 |
1 |
|||
|
1.7 |
8 |
|||
|
1.8 |
2 |
|||
|
1.9 |
4 |
|||
|
2.0 |
15 |
|||
|
2.1 |
2 |
|||
|
2.2 |
8 |
|||
|
2.3 |
2 |
|||
|
2.4 |
1 |
|||
|
2.5 |
10 |
|||
|
other** |
31 |
|||
|
not reported |
220 |
|||
|
|
|
|||
|
*Sample is the 311 institutions that reported having a defined benefit retirement system or that their faculty could choose between participating in a defined benefit or a defined contribution system. Excluded are institutions whose faculty are enrolled in systems that have both defined benefit and defined contribution components. |
||||
|
**Includes plans in which the generosity varies either with the faculty member's salary level or with the year that his or her service with the university began. |
||||
Table 5
Percentage of Institutions in Each Category that Had One or More Financial Incentive Programs Since 1995 to Encourage Faculty Members to Retire Prior to Age 70*
|
Institutional Category |
Private |
Public |
Total |
|
I (Doctoral) |
60% (25) |
42% (97) |
46% (122) |
|
IIA (Masters) |
42% (69) |
41% (114) |
41% (183) |
|
IIB (Baccalaureate) |
45% (115) |
37% (38) |
43% (153) |
|
III (2 yr. w/ Faculty Ranks) |
0% (1) |
67% (70) |
66% (71) |
|
IV (2 yr. w/o Faculty Ranks) |
0% (4) |
44% (73) |
42% (77) |
|
Overall |
46% (214) |
46% (392) |
46% (606) |
|
* Numbers in parentheses are the number of institutions that provided responses to the question. |
|||
|
There were 2 nonrespondents to this question. |
|||
Table 6
Percentage of Institutions in Each Category that Reported Having Had "Buyouts" Since 1995*
| Institutional Category |
Private |
Public |
Total |
| I (Doctoral) |
72% (25) |
38% (95) |
45% (120) |
| IIA (Masters) |
57% (68) |
18% (113) |
33% (181) |
| IIB (Baccalaureate) |
49% (113) |
17% (36) |
41% (149) |
| III (2 yr. w/ Faculty Ranks) |
0% (1) |
32% (69) |
31% (70) |
| IV (2 yr. w/o Faculty Ranks) |
0% (4) |
13% (71) |
12% (75) |
| Overall |
53% (211) |
24% (384) |
34.6% (595) |
|
* Number in parentheses are the number of institutions that provided yes or no responses to the question.
13 of the 608 respondents did not answer this question. |
|||
Table 7
Percentage of Institutions in Each Category that Currently Have a Formal Phased Retirement Program*
|
Institutional Category |
Private |
Public |
Total |
|
I (Doctoral) |
50% (26) |
31% (97) |
35% (123) |
|
IIA (Masters) |
33% (69) |
23% (115) |
29% (184) |
|
IIB (Baccalaureate) |
31% (114) |
24% (38) |
29% (152) |
|
III (2 yr. w/ Faculty Ranks) |
0% (1) |
14% (70) |
14% (71) |
|
IV (2 yr. w/o Faculty Ranks) |
0% (4) |
19% (73) |
18% (77) |
|
Overall |
35% (214) |
23% (393) |
27% (607) |
|
|
|
|
|
|
* numbers in parentheses are the number of institutions that provided responses to the question. |
|||
|
One institution did not respond. |
|
|
|
Table 8
Is the Fraction of Tenured Faculty Who Continue Full-Time Employment After Age 69 Greater Now than It Was Prior to the Elimination of Mandatory Retirement?*
| Institutional Category |
Private |
Public |
Total |
| I (Doctoral) |
53% (17) |
42% (74) |
44% (91) |
| IIA (Masters) |
23% (48) |
13% (82) |
17% (130) |
| IIB (Baccalaureate) |
15% (86) |
6% (31) |
13% (117) |
| III (2 yr. w/ Faculty Ranks) |
26% (42) |
26% (42) |
|
| IV (2 yr. w/o Faculty Ranks) |
0% (2) |
8% (38) |
8% (40) |
| Overall |
22% (153) |
22% (267) |
22% (420) |
| * numbers in parentheses are the number of institutions that provided yes or no responses to the question. | |||
|
189 institutions did not respond.
Back to top |
|||
Table 9
Percentage of Institutions that Provide Each Benefit to Retired Faculty*
|
(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
(7) |
(8) |
|
| Private Doctoral |
65.4 |
38.5 |
88.5 |
50.0 |
19.2 |
80.8 |
34.6 |
80.8 |
| Private Masters |
36.2 |
27.5 |
66.7 |
33.3 |
4.3 |
56.5 |
7.2 |
26.1 |
| Private Baccalaureate |
49.6 |
29.6 |
73.9 |
41.7 |
8.7 |
72.2 |
6.1 |
27.8 |
| Private 2 yr. w/o Faculty Ranks |
25.0 |
25.0 |
75.0 |
25.0 |
25.0 |
25.0 |
0.0 |
25.0 |
| Public Doctoral |
78.4 |
58.8 |
88.7 |
70.1 |
23.7 |
87.6 |
32.0 |
71.1 |
| Public Masters |
52.2 |
34.8 |
73.9 |
41.7 |
7.0 |
78.3 |
8.7 |
35.7 |
| Public Baccalaureate |
47.4 |
34.2 |
57.9 |
39.5 |
10.5 |
65.8 |
2.6 |
10.5 |
| Public 2 yr. w/ Faculty Ranks |
24.3 |
24.3 |
40.0 |
27.1 |
8.6 |
45.7 |
5.7 |
12.9 |
| Public 2 yr. w/o Faculty Ranks |
20.5 |
21.9 |
31.5 |
26.0 |
8.2 |
41.1 |
1.4 |
5.5 |
|
Average |
47.0 |
34.0 |
66.0 |
41.8 |
10.9 |
66.8 |
11.2 |
32.7 |
| * Private 2 yr. Colleges with rank are excluded from the table, because of their small numbers. | ||||||||
|
KEY: |
||||||||
| (1) office space | (5) travel funds | |||||||
| (2) secretarial assistance | (6) parking | |||||||
| (3) access to institutional computer system | (7) lab space same as tenured faculty | |||||||
| (4) telephone | (8) eligible for research grants |
|
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