The Office of Faculty Retirement
At Columbia, we see retirement as a continuation, not an end – a vital new phase of your career and life. We are committed to providing faculty members with the support to navigate retirement. We have created the Office of Faculty Retirement and this website to help interested faculty move forward with this new phase of their lives by providing information about retirement planning, transitions to retirement, and a meaningful and productive post-retirement experience.
-- John Coatsworth, Provost
News: Incentive Plan Now In Effect
Our Incentive Plan for Tenured Faculty Retirement went into effect on January 1, 2014. This voluntary plan is available to full-time tenured faculty in the Schools that have elected to participate in the Incentive Plan (Arts and Sciences (including the School of the Arts), GSAPP, Business, Journalism, SEAS, SIPA, and Social Work). Tenured faculty who meet the eligibility conditions will receive an incentive payment equal to 100 percent of their annual base salary upon retirement.
Eligibility is limited to full-time tenured faculty with at least ten years of continuous service at the University. Under the Plan, retirement may take place all at once or phased through reduced activity at reduced salary for up to five years, with terms subject to the approval of the Dean of the faculty member’s School.
- Faculty aged 65 to 73 must commit to retiring by the time they reach age 74 (though retirement phasing at less than full workload may extend beyond age 74 in some cases).
- Faculty aged 74 or over by December 31, 2014, must commit by June 30, 2014 to retire or to begin a phased retirement with reduced workload by December 31, 2014.