Finally, after a couple months of rumors and innuendo, the College formally announced their Retirement Incentive package. You can read about all the details here. In order to get the Retirement Incentive, senior faculty have to agree to teach the Fall Semester. A letter informing the College that I’m retiring has to be filed by September 30. Once I retire in January 2017, I’ll receive a check for $45,000 (there are also some annuity options I’ll consider so I won’t have to pay any taxes on that amount). In addition, the College will buy my Sick Hours (I have over 3,000). That money will go into an account that will pay for my Blue Cross/Blue Shield health insurance plan for the next decade or so. So I’ll be retiring at the end of the year. Thank you for all of your valuable Good Advice!