Per UNC Policy, the University of North Carolina Phased Retirement Program is designed
to provide an opportunity for eligible full-time tenured faculty members to make an
orderly transition to retirement through half-time or equivalent service. The goals
of the Program are to promote renewal of the professoriate in order to ensure institutional
vitality and to provide additional flexibility and support for individual faculty
members who are nearing retirement. The Program is entirely voluntary and is available
when agreed to and entered into by mutual written agreement between an Eligible Faculty
Member and his or her employing institution.