Early Retirement Program

Please see Handbook of Faculty Legislation

Effective July 1, 2004, Mount Holyoke College offers a voluntary early retirement plan for eligible faculty and certain administrative staff. The early retirement choice is a  phased retirement option available for four years between ages 58 to 72. The College continues to consider 65 to be the normal retirement age.

Eligibility

While the retirement plan has been designed with faculty members in mind, certain executive and administrative staff members are not precluded from considering these options. Staff members who wish to be considered for phased retirement must have at least 10 years of full-time service or its equivalent at the end of the year prior to the first proposed year of early retirement may apply to participate in the plan.  Staff are expected to provide a written request stating the proposed date of early retirement at least one fiscal year in advance of that date with prior approval from the appropriate Senior Staff member. A staff member's participation in the early retirement program will be approved only when it can be accommodated without negatively affecting the effective functioning of the department. The program will be reviewed annually by the Board of Trustees and is, therefore, subject to change.

Additional Information

Eligibility for children's tuition benefits, for study either at Mount Holyoke or other institutions, continues during the period of early retirement. Spouses and children of early retirees may continue to attend individual courses at Mount Holyoke on the same basis as full-time active employees.

Staff Retiree Privileges

Benefits-eligible employees who are at least 60 years of age when they retire with 10 years of service to the College are provided the following staff retirement privileges.

  • Classes at Mount Holyoke College
  • College email account
  • Complimentary Tickets for Rooke Theatre Productions and Dance Department Performances
    (contact Theatre and Dance Department directory).
  • Use of Kendall Sports Complex with the purchase of patron card each year
  • Campus Parking Decal
  • Participate in Remillard Insurance Group Insurance Program which provides discounts for car and home insurance
  • Use of and borrowing privileges at Williston Memorial Library
  • Lifetime membership to Willits-Hallowell Center