Word: retiree
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“It provides very attractive options for people who want to retire,” said history professor Edward R. Owen, who said he will accept the package.
Owen, 74, said he had originally planned to retire this year, but will now take advantage of the two year retirement option that includes two semesters of paid sabbatical. Traditionally, he explained, one semester of paid sabbatical is offered only after seven years on campus.
But he said he does not intend to take advantage of the single-year offer and retire.
In the four-year plan, professors would teach and fulfill service obligations halftime and retire fully on June 30, 2014.
Harvard Business School Dean Jay O. Light announced his decision to retire at the end of this school year in an e-mail sent to the community yesterday afternoon.