Colleges Explore New Ways to Manage Retirements

One challenge: Faculty members tend to like their jobs a lot

An English professor leans forward, looking as if she is about to step through a magical door. A music professor in a white bow tie and black tails faces a video camera and an admiring audience as he talks about his career. Some smiling, gray-haired men at a barbecue grasp their sodas and beers.

At retirement parties at hundreds of colleges this spring, faculty members celebrate their expanding freedom and mourn the

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