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Retirement from WKU

Transitional Retirement Program


General Information

  • Permits reemployment of faculty on a PT basis who retire from FT service
  • Program adopted in 1989
  • Faculty teach a min of 6 and a max of 12 semester hours per FY
  • Maximum period of 5 years
  • Each credit hour taught = 3-1/8% of base salary prior to participation in TRP
  • Retirees could earn up to 37.5% of previous FT salary
  • Participants subject to annual performance review, annual increases based on that review
  • Those accepted in the TRP placed in a special tenured faculty category
  • Upon completion of 5 years, faculty member will be fully retired
  • Faculty candidates for TRP should be given priority for summer teaching assignments the summer before the year of retirement

Process

1. Make a written request to the Dept. Head
2. Dept. Head will forward with a recommendation to the Dean
3. Dean transmits to the Provost/VP Academic Affairs
4. Provost sends to the President those requests that are recommended for funding
5. Final approval by the BOR

KTRS Retirement

  • Faculty entering the TRP will retire from FT employment
  • KTRS retirement effective July 1 or January 1 (same date TRP assignment begins)
  • TRP participant will receive both the KTRS retirement benefit payment and WKU TRP payment monthly

KTRS Retirement Process

  • Contact Human Resources to request KTRS mail you a retirement packet
  • Once you receive the package, schedule a meeting with Denise Cornelius to complete the required information on pages 5 and 6
  • Gather required documentation required by KTRS:
    - Certified Birth Certificate
    - Certified Marriage License
    - Social Security Card
    - Beneficiary Birth Certificate and address information
    - Individuals age 65+ need Medicare Card Part A & B
  • Completed packet due to KTRS one month prior to retirement effective date

Resources

Basic TRP Estimator

- Compare income in retirement with TRP against current net income

PATHWAY Member Portal

- Log in to review your account, run retirement estimates, and begin the retirement application process

Download the WKU TRP PowerPoint

 

 


Some of the links on this page may require additional software to view.

 Last Modified 3/21/19