Common Contracts
1 similar Phased Retirement Agreement contracts
Phased Retirement AgreementPhased Retirement Agreement • April 24th, 2006
This Phased Retirement Agreement is entered into between the undersigned faculty member and Northwestern University. The faculty member enters into this binding agreement to retire and, if applicable, relinquish tenure on the date specified below in exchange for a reduced workload, generally 50% effort, and a salary, generally 60% of base salary, in excess of the workload percentage. During Phased Retirement, the faculty member continues to enjoy full-time benefits (based on the Phased Retirement salary). Faculty members who are considering retirement are urged to consult with their Dean's Office and to contact the University’s Benefits Division (http://www.northwestern.edu/hr/retirees/index.html) for a consultation.
