Eligible tenured faculty unit employees who have reached the age of fifty-five (55) may, subject to certain conditions, participate in a Faculty Early Retirement Program (FERP). Details of this program can be found in Article 29 of the collective bargaining agreement.
FERP allows retired faculty members to work up to five years after retirement. Timebase worked is limited to 50 percent of the time base in the year prior to retirement (working one semester at full-time or working half-time throughout the academic year for most full time faculty). Tenured faculty and librarians age 55 or older at the time of entry into the program are eligible. Counselor faculty unit employees are excluded. This is a negotiated benefit.
Faculty Early Retirement Program
The PRTB-FERP Retirement Benefits Calculator allows you to enter data to calculate an unofficial projection of your CSU salary and CalPERS retirement benefits.