Additional Program Benefits
A faculty member participating in the Tenured Faculty Retirement Program who is eligible for earned sabbatical leave may take no more than one semester of leave (maximum) no later than the fall term prior to retiring. Depending on the number of earned sabbatical credits, the faculty member will receive either 100 percent or 75 percent of their base faculty salary during the sabbatical. Faculty who select Option C: Two-Year Phased Retirement may take sabbatical leave only in the first year of the phased retirement.
NYU Reemployment Following Retirement
Limited opportunities for NYU employment following retirement may be available, depending on the needs of the University. Options for employment at NYU for tenured faculty following retirement will generally be limited to the following:
- As a part-time adjunct at a rate of pay that is the standard adjunct rate for such teaching.
- As a principal investigator/project director (PI/PD) or coinvestigator on a grant after retirement, per NYU guidelines for PI/PD status.
Financial Advisory Services
Upon electing to retire pursuant to Option A, B, or C of the Program, a faculty member becomes eligible for reimbursement of up to $3,000 in the form of a taxable payment for financial planning services from a certified financial planner. To receive reimbursement, the faculty member must submit a paid invoice(s) to the human resources officer in their school no later than 45 days prior to their final day of employment.