Food for Thought on Retirement at UC
Inside Higher Ed today unveiled a survey of human resource executives in higher education. The full survey can be downloaded from that source and the link is at the bottom of this post. But start with the observation that much of higher ed operates with defined contribution pension plans such as TIAA-CREF. Thus, there is no particular incentive for older faculty to retire built into the pension. As can be seen below, higher ed HR execs thus worry that older faculty are not retiring, making it difficult to recruit new faculty. UC, with its defined benefit system, does have a…