At Purdue, the mandatory retirement age is 65 for University executives in high policy-making positions. In CLA, this policy would apply to the dean of the college. For all other college employees, there is no mandatory retirement age. For specific information about policy, see, “Retirement Policy for Faculty and Staff.”
For those interested in learning more about retirement, Human Resources provides information.
- Preparing for Retirement: http://www.purdue.edu/hr/Benefits/currentEmployees/retirement/retirementReadiness.html
- Policy Defining Official Retiree Status: http://www.purdue.edu/policies/human-resources/via1.html
- Retiree Resources: http://www.purdue.edu/hr/Benefits/retirees/benefitsRetiree.html
The University also administers a Voluntary Early Partial Retirement Program for faculty and administrative/professional staff. Staff members covered by the Purdue Standard Retirement and Savings Plans are eligible for participation in the program if they are at least 55 with 10 or more years of service in a benefits-eligible position. During the time of reduced employment (usually 50%), the individual receives all benefits accruing to regular full-time staff members and the University continues to contribute to the individual’s Base 403b Defined Contribution Plan based upon his or her full-time annual budgeted salary. Participation in this program is not automatic; it must be mutually agreeable to both the individual and the employing department. A description of this policy is found in Executive Memorandum C-32, “Early Retirement Alternatives.”