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EXECUTIVE SUMMARY
Pages 1-6

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From page 1...
... Some people were also concerned that an aging professoriate would grow increasingly ineffective but unremovable because of the tenure system. Administrators, faculty, policy makers, and others who recognize the importance of the nation's basic research system were particularly concerned about possible adverse effects on the research uni .
From page 2...
... If mandatory retirement is eliminated, some research universities are likely to suffer adverse effects from low faculty turnover: increased costs and limited flexibility to respond to changing needs and to provide support for new fields by hiring new faculty. An increase in the number of faculty over age 70 or, more generally, an increase in the average age of faculty does not by itself, as distinct from reduced turnover, affect institutional quality.
From page 3...
... Congress and the responsible federal agencies could assist colleges and universities further by clearly preserving additional options. The committee recommends that Congress, the Internal Revenue Service, and the Equal Employment Opportunity Commission also permit colleges and universities to offer faculty voluntary retirement incentive programs that: are not classified as an employee benefit, include an upper age limit for participants, and limit participation on the basis of institutional needs.
From page 4...
... The committee recommends that all colleges and universities assist their faculty in planning for retirement. The ADEA Exemption The committee believes that if colleges and universities, with assistance from Congress and regulatory agencies, states, and pension plan providers, vigorously pursue these recommendations, all but a few institutions will adjust to the elimination of mandatory retirement without significant effects.
From page 5...
... In this report the committee has examined a number of practical steps that are available or could be made available to address the problems raised by the elimination of mandatory retirement. The committee recommends that Congress and regulatory agencies, states and pension plan providers, and colleges and universities take these practical steps.


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