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Office of Human Resources

Faculty Retirement

Setting a plan for your retirement

As a valued member of Xavier's faculty, there is a lot to consider in planning your transition from daily University life to retirement. Financial security is certainly important yet only one facet in total fulfillment.

At Xavier, we are blessed to have retired faculty who are active in the University community. While those nearing retirement worry if they will still be welcomed or if their work was valuable, at Xavier, we see great participation from many of our retirees. They regularly attend social engagements, serve as mentors, attend sporting and arts events, and much more.

Moving toward retirement

To assist you in your planning, we would like to provide a general timeframe of considerations and share with you the benefits and opportunities you have as a Xavier retiree.

5 or more years before retirement

  • Schedule on-campus appointments with TIAA consultants
  • Consider funding future health expenses with a Health Savings Account (HSA)

1 - 2 years before retirement

  • Review sources of income with TIAA and your personal advisor
  • Maximize catch-up options
  • Review estate planning documents
  • Assess voluntary benefits' viability
  • Attend Retiree Open Enrollment information session (held annually in November) to learn about post-employment health benefits

6 months before retirement

Opportunities once you are retired

At Xavier, we are committed to extending to faculty many of the same opportunities that they experienced while they were teaching full-time. Here is a sampling of the opportunities:

  • One semester paid sabbatical for full-time tenured faculty with at least thirty years of service at Xavier. Please contact the Office of the Provost for further details.
  • The rank of Emeritus Professor may be granted to individuals who have served as Principal Faculty members for ten consecutive years prior to retirement from the University. This rank is granted by
    recommendation of the Dean of the retiring faculty member’s college and with the approval of the
    Provost and Chief Academic Officer. The rank of Emeritus Professor may be granted posthumously to individuals who have served as Principal Faculty members for ten consecutive years and were still serving full time prior to death. This rank is granted by recommendation of the Dean of the deceased faculty member’s college and with the approval of the Provost and Chief Academic Officer.
  • Retiring employees who are active plan participants may elect to continue their health benefits
    • Medical (retirees pay the full cost)
      • For retirees under age 65, continued coverage is available through the currently enrolled Anthem Plan. For retirees age 65 and over, continued coverage is available through the Humana Advantage plan.
    • Dental
    • Vision
  • Life Insurance ($5,000 up to age 70)
  • Parking Pass (upon request)
  • Access to tuition remission
  • Two tickets to Xavier home athletic events, if available
  • Reduced rates
    • Season tickets
    • Student Performances
    • O'Connor Sports Center membership
  • Access to