Retirement
Regent Laws and Policies and CU System policies provide important retirement policy information.
Compensation
Policy 11, Policies of the RegentsFaculty Retirement Agreements
APS 5016Frequently Asked Questions
This FAQ section offers supplemental guidance on faculty retirement; please note that retirement itself is distinct from the process of developing a retirement agreement.
Per Regent Policy 11.D.3: "To be eligible for university retirement benefits offered in addition to the 401(a) ORP, employees must be 55 years of age; have five (5) years of eligible CU Service; and meet the age and years of eligible CU service requirements for regular or early retirement.
Regular or early retirement is based on the 70/75 formula. If the combined age and years of eligible CU service for a faculty or university staff member enrolled in the 401(a) ORP adds up to 75 or more, that individual is eligible for regular retirement and is entitled to receive 100% of the University of Colorado contribution towards retiree insurance benefits upon retirement. If the age and years of eligible CU service adds up to 70-74, the individual is eligible for early retirement, and the University of Colorado contribution towards retiree insurance benefits will be pro-rated based on the actual years of eligible CU service divided by the required years of eligible CU service for regular retirement. Eligible years of CU service will include all years in which the employee worked in a regular, retirement-eligible position at 50% time or greater at the University of Colorado."
The Office of Faculty Affairs can give faculty and units an estimate of faculty's years of service, but CU Benefits is the only office that can provide a verified calculation because they have access to employment records across the CU System.
Regent Laws and Policies and CU System policies provide important retirement policy information.
Policy 11, Policies of the Regents:
CU System Administrative Policy Statements:
For more information regarding faculty retirement agreements as well as the resources you need to begin on your path to retirement from the University of Colorado, see the CU System resource: Retirement Ready?
According to Appendix A. Section E. of CU Administrative Policy Statement (APS) 5060:
“Emeritus/Emerita is an honorary designation awarded upon retirement to faculty with a record of strong contributions to the university. Faculty are nominated for emeritus/emerita status by their department and approved by the dean, provost, and chancellor. The emeritus/emerita designation is added to the title/rank held by the faculty member at the time of retirement.”