[CAUT] Looming Retirement

[Porritt, David]

Avery:

I crossed that 65 line about 4 months before you did.  I'm hoping to
work another 10 years, 5 at least.  Maybe I'm easily bored, but I'm
having too much fun to think about quitting now.  Now that I'm full-time
at SMU I have quit doing outside work.  SMU doesn't have a pension but
rather a 403b which is much like a 401k.  They contribute a good % and
that helps.  I also have a SEP from when I was self-employed.  

It's odd, when I was younger I used to worry about my hearing going and
that would force me into retirement.  Fortunately my hearing has stayed
keen and I still use 15-db hearing protectors to tune.  Now I'm more
worried about my hands forcing me to retire before I want to.  They
still work fine but not always without some pain.  

You know, this getting older is not a crime but it is sometimes pretty
inconvenient!

dp

David M. Porritt
dporritt@smu.edu

-----Original Message-----
From: caut-bounces@ptg.org [mailto:caut-bounces@ptg.org] On Behalf Of
Avery Todd
Sent: Friday, March 11, 2005 12:15 PM
To: College and University Technicians
Subject: [CAUT] Looming Retirement

List,

Just wondering how many of you have started thinking about retirement. I

know there's at least 2-3 out there who are close to that age! :-)

Yesterday, I did the paperwork to start collecting my full SS benefits.
I 
reached full retirement age as of this month, so I can make as much
extra 
as I want without and penalties on my SS check. I'll receive my March
check 
the 3rd Wed. of April.

I also found out that I could retire now from the university, if I
wanted 
to, although I wouldn't get as much in retirement pay as if I worked a
few 
more years. It's a "being 65 & having completed 10 yrs. service" thing
that 
makes me eligible. But they base your retirement on an average of the 
highest three years' salary and figure it on a percentage which goes up
the 
more years you work.

The other possibility is what's called the "rule of 80". Your age plus
your 
yrs. of service have to total 80. That will happen for me in 2 more yrs.

More than likely, that's when I'll retire from the university, depending
on 
what the retirement pay will be. The more years I work, of course, the 
higher the pay. But I'm 65 + 4 mo. now and I don't really want to work 
full-time for many more years than those two. :-) I'll still do outside 
work but just not full-time.

Just musing in amazement that I actually made it this long. I guess I'm 
officially an old fart now! :-)

Regards,
Avery

_______________________
Avery Todd, RPT
Moores School of Music
University of Houston
Houston, TX 77204-4017 


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