Retirement

The CSU provides faculty with a number of retirement options and benefits, including retirment income, medical and dental coverage, and several voluntary retirement savings plans.

FERP

Faculty Early Retirement Program
FERP

The Faculty Early Retirement Program (FERP) allows tenured faculty who are eligible for service retirement to retire and continue teaching for a maximum timebase (fifty percent) and duration as established in the Collective Bargaining Agreement.

PRTB

 

As in the case of FERP, terms and conditions of PRTB are determined through collective bargaining. Detailed provisions concerning this program may be found in Article 30 of the CSU-CFA Collective Bargaining Agreement.

Pre-Retirement Reduction in Time-base Program - PRTB - allows tenured faculty members who have reached the age of fifty-five to phase into actual retirement through reduction in time base to an average of two-thirds, one-half, or one-third of full-time while maintaining full retirement credit and other benefits for a maximum of five years.