Nicholas Pension Consultants
ERISA Services, Inc.
Nova 401(k) Associates
The Retirement Plan Company (TRPC)/an ABG firm
Creative Pension Consultants, Inc.
Compensation Strategies Group, Ltd.
Atlantic Pension Services Inc
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|Understanding the Faculty Retirement (Non)Decision (PDF)|
June 11, 2015
"Tenured faculty age 50 or older can divided into three groups--35% expect to retire by normal retirement age; 16% would prefer to retire by normal retirement age, but expect to work longer (i.e., they are 'reluctantly reluctant' to retire); and 49% would like to and expect to work past normal retirement age (i.e., they are 'reluctant by choice').... [P]ersonal finances are a particular barrier for those reluctantly reluctant. Psychosocial factors are the issue with those reluctant by choice. However, one-half to two-thirds of those reluctantly reluctant appear to be assuming a financial barrier given that they have not done a careful evaluation of their retirement finances."
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