University Policies

There are three SPG's which directly address several aspects of faculty member retirement:

• Emeritus/Emerita Titles (SPG 201.80) - Upon recommendation of your department chair, dean or director, and the Provost and Executive Vice President for Academic Affairs, tenure track faculty may be granted the title of Emeritus/a Professor by the Regents of the University.  In the College of Engineering, the Retirement Memoir is typically prepared by the Department Chair during the term in which the retirement is scheduled, and is reviewed by the ADAA office and forwarded to the Regents office for insertion as an agenda item for the last Regent meeting of the semester.  This title entitles you to several benefits such as use of library and computing services, among others.
• Retirement Furlough (SPG 201.81) - For faculty who joined the University prior to January 1, 1984 and meet the eligibility requirements detailed in this SPG, a terminal retirement furlough year is granted.  This may be taken as the last year preceding retirement, or in partial installments over two or three years prior to the effective date of retirement.  The furlough  may not begin until the start of the next academic year following the faculty members' 62nd birthday.  Faculty may not have taken a sabbatical leave during the four years preceding the beginning date of the retirement furlough.
• Retirement (SPG 201.83) - The following age and years of service requirements must be met for a faculty member to qualify for retirement from the University:

Helpful Links

• U of M Benefits Office Retirement Pages - including the Retirement Checklist
• TIAA/CREF Retirement Planning
• Fidelity Investments