Retired Faculty, and
Faculty Considering Retirement
- Income Replacement
- Health Insurance
- Other Benefits, and Retirement Planning
- Continued Academic Activity
- National Resources for Retirement Planning
Income Replacement
USC Benefits: Retirement ProgramsTo provide income replacement after retirement, plans that provide you a funded, vested, portable account -- with USC contributing each month 10% of your salary to your account, matching your contribution 2 for 1.
Health and Long Term Care Insurance
USC Senior CareTo address health care needs for USC retirees, an excellent Medicare supplement plan.
Benefits and Services
Other USC Benefits for RetireesEmeriti Center and Emeriti College
List of Privileges for Retired Faculty ("Gold Card")
USC Employee Benefits and Resources
Disability Benefits
For active employees who are disabled
The Leonard Davis School of Gerontology
- National Resource Center on Supportive Housing and Home Modification
- Los Angeles Caregiver Resource Center (for caregivers of individuals with dementia)
Continued Academic Activity
Post-retirement continued teaching or research
See paragraph on Emeritus Faculty in Section 4(B)-2 of the Faculty Handbook.
- Continued membership in the academic community through the retiree Gold Card, offering privileges such as
- parking
- library, and
- discounts.
- Volunteer opportunities and honors to individuals for volunteer service.
- Retirement information and referrals.
- Advocacy for the enrichment of retirement years.
Emeriti College of the Emeriti Center
Advances the continuing intellectual interests of retirees by
- awarding research grants and undergraduate assistantships,
- providing opportunities for teaching and mentoring,
- providing opportunitis for consultation and community lecturing.
It honors individuals for their continued scholarly production.
Retired and active faculty are invited to participate in activities of the Emeriti Center and Emeriti College.
Retired Faculty Association
An independent organization, sponsors social and scholarly events for its members and administers the Caldwell Scholarship and selection of Lifetime Achievement honorees.
National Resources for Retirement Planning
A number of external organizations and websites (not sponsored or guaranteed by USC) offer information or assistance:Advice columns from the Chronicle of Higher Education
- "Your Financial Future in Academe" Questions and Answers
- "Are You the Retiring Sort?" (by "Ms. Mentor" )
TIAA-CREF
Makes available an individualized illustration of your retirement annuity.
To compare your post-retirement income with your pre-retirement income, you would adjust the TIAA-CREF annuity figure to reflect any funds you have outside TIAA-CREF, your receipt of Social Security payments, the cessation of Social Security and Medicare taxation on your salary, the cessation of the 5% deducted from your salary towards your pension contribution, and any changes in your expenses after you retire. One study suggested trying to have a post-retirement income that will replace 75% of your pre-retirement income if you were earning $70,000, 76% if you were earning $90,000, and $85% if you were earning $150,000, but individual situations will differ.
Fidelity Planning Center
Offers a range of information
Yahoo! Finance Planning Center
Offers information for those nearing retirement, and those already retired, and information on choosing a retirement location, retirement and health, and long-term care insurance
A brief sampling of the many other online resources (not sponsored or guaranteed by USC) for thinking about retirement include:
- Retirement.net
- CNN:Money (Information on retirement havens, retirement resorts)
- Where to Retire Magazine
- ThirdAge (Retirement trouble-shooter)