- Laurita Thomas, associate vice president at the University of Michigan, told AnnArbor.com that 37% of the school's staff and 35% of faculty will be eligible to retire within the next 5 1/2 years.
- Between 2002 and 2011, the percentage of university employees over 50 rose from 39% to 46%.
- Retirement eligibility at the school is determined by a combination of age and years served.
From the article:
The University of Michigan says the aging of the baby boom generation will bring a wave of retirements in the next 51/2 years, with about one in five of its employees expected to leave. ...