University of Virginia Library

RETIREMENT POLICY

Reminding the Board of previous discussion of retirement policy, President Darden presented
the following statement prepared by the Faculty Committee on Contractual Relations.

Faculty Retirement

The following statement of policy is hereby affairmed.

(a) The mandatory age of retirement is 70.

(b) However, the Administration should

• (1) at any time, for cause, remove any individual,

• (2) after 65, upon good and sufficient evidence of inadequate performance of duty,
  request the retirement of any individual, or reduce his teaching load, and
  proportionately his compensation, to an amount that seems justifiable in each
  individual case.

After further discussion the Board adopted the following resolution.

RESOLVED by the Board of Visitors of The Rector and Visitors of the University of Virginia
that the age of 70 be and it is hereby reaffirmed as the mandatory retirement age for University
teachers and administrative staff members, that the President be and he is hereby authorized to
remove any individual at any time for proper cause, that, upon the initiative either of the
President or of the professor concerned, any professor aged 65 or over may be retired or may have
his teaching load, and proportionately his compensation, reduced to an amount that is appropriate
in each particular case,

RESOLVED further that the age of 65 be and it is hereby fixed as the retirement age for the
President, the Provost, the Comptroller, and other administrative officers, and that deans
and chairmen of departments be retired at age 65 from their administrative posts even though
their teaching duties may continue either in whole or in part;

RESOLVED further that the University's retirement policy as set forth and affirmed in this
Resolution, effective from the present date, be presented to future employees of the University
at the time of appointment and accepted by them as a condition of employment.