What it does: Assists the university's tenured faculty in their transition from full-time active service to retirement and, in some cases, to facilitate their subsequent part-time re-employment to address staffing needs or to support research efforts. Permits employer-paid medical benefits to age 65 and part-time employment following retirement

How it works: Prior to retirement, a written request for continuation of the employer-paid portion of health care premiums and/or reemployment should be initiated by the employee and approved by the department head and dean. A copy of the approved request must be sent to Personnel Services in order to initiate procedures for reimbursement of the health insurance premium. An agreement for reemployment may only be negotiated after retirement. The reemployment agreement should be approved by the department head and the dean. The department must complete a Part-Time Faculty Authorization for Payment (P14A) and enter in Banner HR to initiate part-time reemployment. Reemployment may not begin until there is at least a 30-day break in service following the official retirement date. Normally the percent appointment will not exceed .50 FTE. If the retiree is teaching, the FTE will count against the department’s teaching position allocation.

Who’s eligible: Tenured faculty members (or those with a continued appointment in the Virginia Cooperative Extension or University Libraries) with at least 10 years full-time service at Virginia Tech.

Reference: Faculty Handbook (2.10.1 Retirement) and www.policies.vt.edu/4410.pdf