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Senior Faculty Retirement Resources

Senior Faculty Transition Programs

The Johns Hopkins University School of Medicine Senior Faculty Transition Program (SFTP) offers distinct and transparent pathways to retirement for full-time faculty. The SFTP allows eligible faculty members to reduce their full-time-equivalent percentage over one to three years until a set retirement date while retaining full-time health and welfare benefits. The retirement options and the development of this website were a result of 2016 recommendations made by the Dean’s Task Force on Senior Faculty Support and Transitions. The SFTP was created in direct response to faculty members who have expressed interest in retirement. It has been developed in a spirit of gratitude and appreciation for faculty scholarship, teaching accomplishment, and commitment to the school, as faculty move forward with a new phase of their careers.

Senior Faculty Transition Program: Two Program Options

 Phased Retirement Incentive (PRI)All Ranks Phased Retirement (ARPR)
BenefitsRetain full-time employee Medical and University Benefits during transition period of 1 – 3 years, during which your full-time-equivalent (FTE) percentage can reduce to as low as 30% FTE. University contribution to the 403b retirement plan will be proportional to base salary in effect at the time of the contribution.Retain full-time employee Medical and University Benefits during transition period of 1 – 3 years, during which your full-time-equivalent (FTE) percentage can reduce to as low as 30% FTE. University contribution to the 403b retirement plan will be proportional to base salary in effect at the time of the contribution.
Eligibility
  • Full Professors in SOM who are employed and paid completely by SOM
  • 10 + years of full-time continuous service
  • In good standing
  • Employed at 75% full-time equivalent
  • Elect anytime between 65-70.5 years of age
  • All ranks of faculty in SOM who are employed and paid completely by SOM
  • 10+ years of full-time continuous service
  • In good standing
  • Employed at least 75% full-time equivalent
  • Elect anytime at age 65 or older
Duration1 to 3 years1 to 3 years
Full-Time Equivalent Percentage

Sample full-time equivalent percentage for 3 year phased retirement*

Year 1 – 75% FTE
Year 2 – 50% FTE
Year 3 – 30% FTE

*During PRI period, FTE percentage can be no less than 30%. The above schedule is for example purposes only. FTE must be mutually agreed upon in a binding agreement between faculty and Department Director.

Sample full-time equivalent percentage for 3 year phased retirement*

Year 1 – 60% FTE
Year 2 – 50% FTE
Year 3 – 30% FTE

*During ARPR period, FTE percentage can be no less than 30%. The above schedule is for example purposes only. FTE must be mutually agreed upon between faculty and Department Director.

Incentive PaymentPRI participants will receive a one-time payment of $100,000, less applicable tax withholdings, when they resign and retire from Johns Hopkins upon successful completion of the PRI agreement.This program option does not have an incentive payment.

The University expressly reserves discretion and the right to cancel or make changes to any of the Senior Faculty Transition Program options at any time.

Additional Resources