Penn Association of Senior and Emeritus Faculty Planning for Retirement
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A major aim of PASEF’s Mission is to facilitate fully informed and successful retirement decisions and transitioning among the senior faculty. Thus, PASEF provides a robust program of resources to support faculty.
Most visible is the Planning for Retirement seminar series that focuses on topics of most concern to faculty during the process. (Listed in the accordion below).
Introduced in May 2023 and recommended for all faculty.
Estate and Trust Planning and Death Tax Concepts. This written outline details basic estate planning and death tax concepts. It covers the basic background information on death taxes and estate and trust law governing disposition of assets at death which will help clients be better educated decision makers with respect to their estate plans.
Personal Estate Planning Checklist – Index. This is a great tool we’ve developed to help clients get their personal asset and related estate planning information organized for their families.
Introduced in December 2021, the panel included two faculty members describing their experiences and a financial advisor. See the December 7, 2022 video here.
Introduced in AY2019-2020, the first seminar focused on the Continuing Care Retirement Community, and a panel of Members spoke candidly about their decisions and transitions to CCRC living (PASEF’s Guide to Retirement Communities summarizes information about the CCRC model, presents helpful suggestions for selecting this option, and provides a list of local CCRCs in which Penn retirees are currently living). Planned for future years are explorations of aging-in-place options, over 55 communities, Naturally Occurring Retirement Communities (NORCs) and so on. Click here for video of the March 2022 Living Options in Retirement panel discussion.
Each year, the Department of Human Resources invites experts from Medicare and Social Security to enlighten retiring and retired faculty on these two programs. In November 2022, Human Resources and Health Advocate presented Medicare and Social Security: Concerns of Retiring and Retired Faculty (video is available here; slideshow is available here).
A panel of PASEF members in early retirement share their personal stories to illustrate that the retirement decision is a personal and family one, that no one size fits all, and that retirement is a potentially growth-producing process that occurs over time (see also Essays by Colleagues).
Penn’s retirement options, policies, benefits, processes, timelines and retirement planning resources are explained in detail by a team of senior experts from the Perelman School of Medicine, the Office of the Provost, and the Department of Human Resources. See the April 2023 video here and the slideshow presentation here, The Q&A from the 2022 session here.
Annually, PASEF updates and publishes The Hitchhiker’s Guide to Faculty Retirement, which is available on line and is also distributed in print form to attendees at the Planning for Retirement seminars. The highly regarded Guide contains detailed information about retirement options, timelines, negotiating options with one’s dean, and accessing the range of benefits that accrue to faculty following retirement.
PASEF, together with the Association of Senior & Emeritus Faculty in the Perelman School of Medicine (ASEF-PSOM), hosts a celebration for new retirees annually.
Following the links below for this year's May 18, 2023 event.
Click here to view video.
Click here to view the slideshow.
Click here to view the program.
Click here to view photos of the event.
PASEF leaders educate university administration about issues of ongoing importance to faculty about the process of retirement.
PASEF advocates for members in areas of benefits management and system challenges.