Re:What are you waiting for?
by iguy on Sunday December 02, 2018 @12:53PM
(#18583434)
But these post-tenure 49% positions are the new thing to encourage people to go -- the previous option was emeritus, not only 0% but also unable to be the PI on grants etc. So they must have found a magic money tree somewhere to pay for them.
Not mentioned yet is the change from defined benefit pensions. If you had a final-salary pension, then there was no financial incentive not to go emeritus, in the good old days. Whereas on a defined-contribution scheme, retiring a year earlier does literally cost you (or your estate) a year's salary.
Re:What are you waiting for?
by nine_k on Sunday December 02, 2018 @01:26PM
(#18583631)
Large and famous universities sit on very large piles of money. They just choose to invest them differently — or maybe the monies are granted on particular conditions to spend them.
Not mentioned yet is the change from defined benefit pensions. If you had a final-salary pension, then there was no financial incentive not to go emeritus, in the good old days. Whereas on a defined-contribution scheme, retiring a year earlier does literally cost you (or your estate) a year's salary.