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Purdue University Executive Memoranda Master Listing

PURDUE UNIVERSITY
OFFICE OF THE PRESIDENT
EXECUTIVE MEMORANDUM NO. B-36
(Supersedes Executive Memorandum No. B-36, dated 17 May 1975)

February 15, 1979

To: Deans, Directors, and Heads of Schools, Divisions, Departments, and Offices, and Regional Campus Chancellors

Re: Staff Benefits for Post-Retirement Appointments


Effective 1 January 1979, staff benefits for members of the academic, administrative, and professional staff appointed on a post-retirement basis will be determined in accordance with the policies stated below.

DEFINITION:

A post-retirement appointee is defined as an individual who is employed beyond a mandatory date of retirement. The mandatory dates of retirement for the several staffs are as follows:

  1. For faculty with tenure the mandatory retirement date is:

    1. Prior to 1 July 1982 -- the end of the fiscal year in which age 65 is attained for staff employed 1 July 1948 or after. For those employed prior to 1 July 1948, the mandatory retirement date is the end of the fiscal year in which age 66 is attained.

    2. Effective 1 July 1982 -- The mandatory retirement date is the end of the fiscal year in which age 70 is attained.

    3. For high-level executives whose immediate retirement income, exclusive of social security benefits, will be $27,000 annually, the mandatory retirement date is the end of the fiscal year in which age 65 is attained, if employed prior to 1 July 1948, the mandatory retirement date is the end of the fiscal year in which age 66 is attained.

    4. For all other members of the academic, administrative, and professional staffs, the mandatory retirement date is the end of the fiscal year in which age 70 is attained.

    BENEFITS:
    1. Sick Leave

      The maximum allowance during a 12-month period will be two weeks with regular pay.

    2. Vacation
      1. Academic year employees

        The periods at Christmas and in the spring when classes are not in session will apply as vacation.

      2. Fiscal-year employees

        Vacation allowance with pay may be granted to post-retirees with appointments of six months or more based on the rate of vacation earnings that the employee was receiving the year he retired (two weeks, three weeks, or one month). Vacation allowance will be computed as follows:

        Working days of vacation allowable
        Number
        of
        Months
        Two
        weeks
        Three
        weeks

        One
        month

        6
        5
        7
        11

        7
        5
        8
        12

        8
        6
        9
        14

        9
        7
        10
        16

        10
        8
        12
        18

        11
        9
        14
        20

        12
        10
        15
        22 (one month)

        Vacation allowance will not be granted for post-retirement appointments of fewer than six months.

        Post-retirement appointments cannot be extended to cover earned vacation not taken before the end of the post-retirement appointment.

        Vacation allowance with pay for staff employed for the first time past mandatory retirement age will be based on the first year's accrual rate for the applicable classification.

    3. Medical Insurance:

      1. coverage under the University's Medical Security Plan or Medicare Supplement Plan, whichever is applicable, may be continued with the individual paying the total cost.

      2. Individuals employed for the first time past mandatory retirement age are not eligible to participate in these insurance plans.

    4. Group Life, Personal Accident, and Long-Term Disability

      Individuals appointed as post-retirees are not eligible to participate in these programs.

    5. TIAA-CREF Retirement Program
      1. the University contribution to TIAA-CREF annuity contracts is discontinued at the end of the fiscal year in which the participant attains the normal age of retirement (age 65 for those employed 1 July 1948 and after; age 66 for those employed prior to 1 July 1948).

      2. Post-retirees may elect to contribute to TIAA-CREF on a voluntary basis either through the use of payroll deductions or through the tax-deferred salary-or-annuity option.

      3. Post-retiree appointees eligible for benefits from TIAA-CREF may draw such benefits at their option.

    Arthur G. Hansen
    President