Retirement Policy for Executives and High Policymakers
About This Policy
- Effective Date:
- Date of Last Review/Update:
- Responsible University Office:
- University Faculty Council
- Responsible University Administrator:
Board of Trustees, Indiana University
- As permitted by law, individuals holding administrative positions that are bona fide executive or high policymaking positions may be required to retire from their administrative positions at the end of the academic year in which they turn 67 if:
- The individual has been employed in such capacity for the two-year period immediately before retirement; and
- The individual is entitled to the minimum retirement benefit specified by federal law for individuals who hold positions to which mandatory retirements may lawfully apply.
The following are bona fide executive or high policymaking positions: President, Vice Presidents, Provost, Chancellors, Deans of academic schools at IU Bloomington and IUPUI, and the President and CEO of the Alumni Association.
- On occasion, it may be determined that other positions may be bona fide executive or high policymaking positions and, therefore, subject to administrative retirement at the specified age. The determination whether an administrative position is a bona fide executive or high policymaking position will be made based upon the authority and responsibilities of the position and applicable legal standards. The determination will be made by the President, in consultation with the Vice President and General Counsel, and the individual holding the position will be notified of the determination as soon as it is made.
- Where administrative officers also hold tenured faculty or library rank, they may continue to serve in their non-administrative capacity.
- The university may waive the requirement for administrative retirement. The waiver must be approved by the President or, in case of the waiver of the retirement requirement for the President, by the Board of Trustees of Indiana University. Waivers shall be for one year or for another specified period and may be extended on a year-to-year basis, if approved by the President or, in case of the waiver of the retirement requirement for the President, by the Board of Trustees.
- This policy is applicable only to the named positions and shall not be extended to other positions unless they are approved by the President in accordance with Paragraph B. or are newly created positions.
This policy was adopted by the Board of Trustees on May 3, 2002, and revised on February 2012 in compliance with federal law.
Nonsubstantive updates to this policy were made on September 28, 2021.