Faculty Phased Retirement Plan
The University offers the Faculty Phased Retirement Plan (FPRP) to tenured faculty with or more years of continuous service. Eligible faculty may elect to participate in this plan between their 65th and 70th birthdays. Participating faculty can reduce their workload by 50% in their three years of phased retirement without an equivalent drop in income in the first two years.
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The University offers the Faculty Phased Retirement Plan (FPRP) to tenured faculty with 10 or more years of continuous service. Eligible faculty may elect to participate in this plan between their 65th and 70th birthdays. Participating faculty reduce their workload by 50% in their three years of phased retirement without an equivalent drop in income in the first two years.
Faculty Phased Retirement Plan
|Year 1||50 % workload||100% Salary|
|Year 2||50 % workload||75% Salary|
|Year 3||50 % workload||50 % Salary|
|Year 4||Full Retirement|
Faculty members may retire fully after year one or two, and must retire no later than the end of year three.
Eligible faculty members at the School of Medicine or the School of Public Health may elect this program if they meet the below criteria:
- Are between 65 and 70 when starting the program;
- Have the following ladder track faculty appointments:
- Associate Professor with tenure, Traditional Track
- Professor-Clinician Scholar Track
- Professor-Clinical Educator Track
- Professor-Investigator Track
- Have 10 or more years of continuous service in an eligible position. Faculty may begin the program as early as the January or July following their 65th birthday, but no later than July 1 following their 70th birthday.
Electing the Faculty Phased Retirement Plan is a final decision that may not be revoked.
Sabbatical and Triennial Leaves
While in phased retirement, eligible faculty may schedule one sabbatical or triennial leave and receive the percentage of salary designated to that specific year of the phased retirement plan. When taken during a phased retirement arrangement, sabbaticals or triennial leaves relieve part of the workload in a given year and may be taken as a terminal leave.
For More Information
For specific information about benefit options and the FPRP, a Faculty Retirement and Benefits Counselor is available for consultation at (203) 436-5193 or you may contact the Office of Faculty Affairs at (203) 785-4670.
The University is offering expanded and local support through TIAA-CREF for all faculty members eligible for the Faculty Phased Retirement Plan, eligible faculty members are not required to hold an existing TIAA-CREF account to use this service.
- Faculty members may contact TIAA-CREF to discuss retirement and financial planning by calling 203.281.2400
- Faculty with Vanguard plans may also contact a counselor for a free consultation by calling 610.669.7927
- For general questions, faculty may also contact a Yale Faculty Retirement Counselor at 203.436.5193 for further assistance with available retirement and financial planning support.
Benefits during Phased Retirement
While participating in the Faculty Phased Retirement Plan, faculty members are eligible for the same benefits as during their full faculty engagement. Following are details on benefit programs.
Health/Dental/Vision/Flexible Spending Accounts
Eligibility for the health, dental, and vision insurance plans and flexible spending accounts remains the same during phased retirement. Contributions are based on full-time equivalent salary during the second and third years of phased retirement.
Yale University Retirement Savings Plans
Eligible faculty may continue to participate in the Yale University Retirement Account Plan (YURAP) or the Tax-Deferred 403(b) Savings Plan. YURAP contributions and match will be based on the actual salary earned in the year (i.e. 100% salary the first year, 75% the second, and 50% the third). Any participant over age 59.5 has access to funds they contributed and earnings on those contributions.
457(b) Deferred Compensation Plan
Eligible faculty may contribute to the 457(b) plan during phased retirement.
Life Insurance and Long-Term Disability
Coverage and contributions are based on the actual salary during each year of phased retirement
Scholarship for Sons and Daughters
Eligibility for this benefit continues during phased retirement and into retirement.
Guidelines for eligibility and participation in this program remain the same during phased retirement and into retirement. New applications will not be accepted after full retirement.
During phased retirement, faculty continue to be eligible for emergency medical, security and travel assistance services through MedEx.
Social Security and Medicare
Faculty may apply for Social Security retirement benefits while on phased retirement by visiting http://socialsecurity.gov/applyforbenefits. Faculty members are advised to apply for benefits approximately three months before the date on which they wish to begin receiving benefits. For the Social Security benefit calculator, visit http://www.socialsecurity.gov/estimator.
Financial Planning Support
The University is offering expanded and local support through TIAA-CREF for all faculty members eligible for the Faculty Phased Retirement Plan, regardless of their retirement account provider; eligible faculty members are not required to hold an existing TIAA-CREF account to use this service.
- Faculty members who already use TIAA-CREF services may contact their representative directly to discuss retirement planning by calling (203) 281-2400.
- Faculty with Vanguard plans may contact a counselor for a free consultation by calling (610) 669-7927.
- For general questions, faculty may also contact a Yale Faculty Retirement and Benefits Counselor at (203) 436-5193 for further assistance with available retirement and financial planning support.
Benefits after Phased Retirements
Highlights of benefits available in retirement follow.
Retiree Health Insurance
Retired faculty, and spouses over age 65, will need to enroll in Medicare Part A and Part B at the end of phased retirement as well as Yale's Medicare Supplement Plan. Spouses and other eligible dependents under age 65 may continue participation in Yale Health or Aetna
Dental coverage may be continued for retired faculty and eligible dependents.
Yale University Retirement Account Plan (YURAP)
Faculty will have full access to YURAP accounts in retirement. Once you fully retire, Required Minimum Distribution rules apply.
457(b) Deferred Compensation Plan
Faculty who participated in the 457(b) plan during active employment will have full access to 457(b) accounts in retirement. Once you fully retire, Required Minimum Distribution rules apply.
Emeriti Faculty continue to be eligible for emergency medical, security and travel assistance services in retirement.
Scholarships for Sons and Daughters
Eligibility for this benefit continues in retirement.
Privileges Available to Faculty Retiring Under the Faculty Phased Retirement Plan
The following is a summary of privileges afforded to faculty once fully retired.
The title of Emeritus is granted to members of the teaching faculty in certain ranks when they retire, provided they have reached age 55 with a number of years of service at Yale in one of the eligible ranks that dded to their age equals at least 75
Endowed Chair Title
An endowed professor becomes an endowed professor emeritus.
Research Faculty Appointments
Retired ladder faculty with external funding may continue to be University employees with research appointments, for the duration of their grants, in accordance with the provisions of the Faculty Handbook Sections.
Teaching, Research, and Clinical Activities in Retirement
Faculty may consult with their department chair regarding their continued activities in retirement. Please see the Faculty Handbook for further information.
Graduate and Medical Student Advising
Retired, tenured faculty are welcome to continue to advise graduate students and medical students, although not as a primary thesis advisor. Additionally, retired faculty may volunteer as readers of PhD and MD theses.
Stack and borrowing privileges continue at the same level as for active faculty.
Retired, tenured faculty are entitled to keep for their own use computers provided for them by the university prior to their retirement
Email & Remote Access to Yale Network
Retired, tenured faculty continue to have active "yale.edu" email address as well as remote connection to the Yale network through Yale's Virtual Private Network (VPN).
Sports and Recreational Facilities
Privileges and rates continue for retired faculty to sports and recreational facilities.
All emeriti faculty members are welcome at the Henry Koerner Center for Emeritus Faculty. Fellows are invited to workshops and seminars, as well as social engagements and meals at the Graduate Club.
Campus perks that faculty spouses enjoyed before retirement are retained at the same level.
Faculty Retirement Counselor –
YSM Office of Faculty Affairs –
Financial Planning Support –
Faculty eligible for the Faculty Phased Retirement Plan can receive free expanded financial counseling support through TIAA-CREF.
Financial Planning – Vanguard Participants
Council of Masters Office –
Sports and Recreation (Athletics) –
For information about recreation privileges and facilities, call 203.432.1444.
Social Security Administration and Medicare –
To contact Social Security for information about Social Security or Medicare benefits, log on to www.ssa.gov or call 800.772.1213.
To apply for benefits, visit www.socialsecurity.gov/applyforbenefits.
For the Social Security benefit calculator, visit www.socialsecurity.gov/estimator.
For more information, call a Yale Faculty Retirement and Benefits Counselor at 203.436.5193.