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Phased Retirement Program for Tenured Faculty

The NC State Phased Retirement Program (PRP) provides the opportunity for eligible full-time tenured faculty members, who meet certain age and service conditions, to retire and change from full-time to half-time employment at the university for three (3) fiscal years. Upon entering the PRP, a faculty member relinquishes their permanent tenure in exchange for a three (3) fiscal year fixed-term contract.

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Policies

Phased Retirement Program for Tenured Faculty: Application Process

The Executive Vice Chancellor and Provost will inform, by September 1st preceding each PRP year, those tenured faculty who, according to institutional data, appear to meet the age and service requirements for PRP eligibility as of the following August 1st. It is an individual faculty member’s responsibility to ensure that NC State has all information necessary to determine their eligibility regarding years of service at NC State, service within either TSERS and/or a UNC System ORP, and date of b

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Policies

Phased Retirement Program for Tenured Faculty: Development of the Work Plan

An eligible faculty member who is considering applying for admission to the PRP must meet with their department head and negotiate the terms for half-time employment The full range of faculty activities should be considered in these negotiations. The assigned duties during the PRP should be consistent with the skills and abilities of the faculty member and the objective needs of the department.

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Policies

Phased Retirement Program for Tenured Faculty: Duration, Workload, and Salary

A PRP participant signs a three (3) fiscal year contract, maintains their academic (9-month) or fiscal year (12-month) appointment length and works a half-time (50%) workload within it, PRP participant is paid 50% of the full-time base salary paid to the participant immediately prior to entering the PRP, PRP participants may earn summer salary (9-month faculty) and additional compensation (9- and 12-month faculty).

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Policies

Tuition Waivers For Faculty and Staff

NC State permits the waiver of tuition for eligible full-time faculty and staff for up to three (3) courses per year, provided that such enrollment does not interfere with the employee’s normal employment obligations. Full details are available in Section 2.1 of the policy.

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Policies