In 1998 the University of North Carolina instituted a voluntary phased retirement programme to full-time tenured faculty aged of 60 with at least five years of service or aged 50 with at least 20 years of contributory service. On entering the programme the member is required to give up tenure, terminate full-time employment and contract for a period of half-time service which can consist of full time work for six months or half time for a full year. Participants receive 50% of the salary they re...

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9.3.7 Manage employee retirement

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