Phased retirement is a valuable option for faculty who want to reduce their workload and ease into retirement.
The benefits of phased retirement include:
- The ability to withdraw from specific retirement account funds while still working. This includes the IU retirement plan, the IU tax deferred account (TDA) plan, and funds held at Fidelity in the 457(b) retirement plan.
- Continuing to work while taking a partial leave without pay.
- Continuing participation in medical, dental, and other IU-sponsored benefits.
- Reducing workload by 20-50% for a period of 12-36 months (or up to the end of the faculty member’s appointment if less than 36 months).