President David M. Hughes announced on October 23 that union members overwhelmingly ratified the Faculty Transition to Retirement Program (FTTRP) and released a Frequently Asked Questions (FAQ) document to faciliate understanding of the new, optional phased retirement benefit.
Tenured faculty who are considering their options for retirement will now have this new option available. The initial application period should take place in the spring of 2016 for an effective date of July 1, 2016. The State of New Jersey will finalize its regulations and the AAUP-AFT will work with the Rutgers administration on the application documents.
The FTTRP is only one option for those faculty who wish to retire. Some faculty will prefer to retire fully. Others will want to look at other possibilities and incentives, perhaps involving accrued time towards a sabbatical or assignment immediately prior to retirement to alternative duties. The AAUP-AFT is available to consult with faculty.
During the ratification period we received a few questions and in response we have developed a short Q&A (FAQ) that should answer the more commonly asked questions.
If any tenured faculty member has further questions or would like to discuss in more detail with a staff member of the union, please feel free to email the AAUP-AFT at firstname.lastname@example.org or call (732) 964-1000.