Welcome

The University of North Carolina at Charlotte is pleased to offer faculty the flexibility of the Phased Retirement Program. Phased Retirement enables a faculty member to enjoy the benefits of retirement while still teaching part-time for a 3-year period. The purpose of this website is to present some basic information about retiring from either the Teachers’ and State Employees’ Retirement System (TSERS) or the Optional Retirement Program (ORP).


Important Dates

Phased Retirement Enrollment Period: October 1, 2024 – January 31, 2025

TSERS and ORP Retirement Paperwork Due to Human Resources: March 1 – 31, 2025

Retirement Date (Phased Retirement and TSERS/ORP): July 1, 2025

(For faculty wishing to participate in the Phased Retirement Program beginning in the 2025-2026 Academic Year)


Eligibility Requirements

The Phased Retirement Program is available only to full-time tenured faculty members. Tenured faculty
occupying full-time administrative or staff positions are eligible to participate in the program when they
vacate such positions. Eligibility requirements are specific to your retirement plan.

TSERS (must meet all criteria):

  • Tenured faculty member
  • Age 62 or older upon entering the Phased Retirement Program
  • Have at least five years of full-time service at his or her current institution, and
  • Eligible to receive a retirement benefit under TSERS

ORP (must meet all criteria):

  • Tenured faculty member
  • Age 59 1⁄2 or older upon entering the Phased Retirement Program
  • Have at least five years of full-time service at his or her current institution, and
  • Eligible to receive a retirement benefit under ORP