Faculty members who are contemplating retirement in the near future may find the following information of use in making retirement decisions. The following summarizes two faculty benefit programs that allow faculty to work less than full time, either before or after retirement.
Pre-Retirement Reduction in Time Base (PRTB)
Faculty Early Retirement Program (FERP)
Faculty members who are ready to retire may elect to participate in the Faculty Early Retirement Program (FERP) for up to five years post-retirement. A faculty member who elects to participate in FERP may continue to work up to 50% of the time base they worked during the year prior to retiring. (For Cal State LA faculty, this means a maximum of 15 WTU/academic year, assuming a full-time appointment the year prior to retirement.)
Please note that in order to participate in the FERP, you must qualify under one of the following categories;
a) a member of STRS and at least 55 years of age,
b) a member of PERS hired before 1/1/2011 and at least 55 years of age,
c) a member of PERS hired between 1/1/2011-12/31/2012 and at least 60 years of age, or
d) a member of PERS hired on or after 1/1/2013 and at least 62 years of age.
There is no maximum age for entry into this program.
If you intend to participate in the FERP in a given academic year, you must declare your intention to do so by the second week of Spring Semester (i.e., six months prior to the beginning of the academic year in which you participate). For more information on the FERP, see Article 29 of the CSU/CFA Collective Bargaining Agreement*
*Please note that the CSU and the CFA are bargaining a new contract; future participation in PRTB and FERP will be subject to the conditions in the new Agreement. Any faculty member who declares an intent to participate in either PRTB or FERP may rescind that declaration any time prior to retirement and/or entry into the program(s).
If you would like to discuss your options, you can drop in to the Faculty Affairs office hours or make an appointment by contacting us at (323) 343-3810. If you have questions about retirement (and not just about the FERP or PRTB programs), it is strongly recommended that you contact CalPERS at (888) 225-7377.