Word: fas
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...unveiling of the package—applicable to nearly one-fourth of the tenured faculty in FAS—comes less than a month after FAS Dean Michael D. Smith said in an interview that he plans to reduce the overall size of the FAS in upcoming years through attrition. Currently, 24 percent of Harvard’s tenured faculty is aged 65 or older—the average age of tenured faculty members within FAS...
...proposal for a faculty retirement package surfaced as a possible cost-saving measure in the spring, when FAS learned that it faced a daunting $110 million deficit. In February, the University had opened an early retirement incentive program for staff members, 531 of whom ultimately took the package...
...package is presented as a service to professors for whom retirement is already in sight. “The FAS faculty retirement program is designed to support faculty who are considering retirement,” wrote FAS Spokesman Jeff A. Neal in an e-mail to The Crimson Wednesday...
Neal added that there was no target figure for participation in the program or any projections relating to the amount of budgetary relief that could be in store for FAS...
Harvard professors are currently the highest paid in the country, according to a recent report by the American Association of University Professors, with an average salary of $192,600 per year. In the 2009 fiscal year, FAS spent $147.8 million on all faculty salaries, according to the Dean’s Annual Report...