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Pay for retired CSU professors seen as 'double dip'

Source: 
The Orange County Register
Published Date: 
11/27/11
URL: 
http://www.ocregister.com/news/csu-328504-ferp-faculty.html

by Timothy Sandoval
California State University-Sacramento
Students at CSU-Fullerton walk past a university building on a sunny day.

Retirement has been good for Cal State Fullerton Professor Jesa Kreiner.

As a full-time professor of mechanical engineering in 2008-09, Kreiner made $106,000 for teaching eight courses. Last year, after retiring, he made $146,600 – for teaching four classes at the same school.

Kreiner benefits from an obscure California State University program that allows professors and librarians to retire and continue to work part time, collecting both a pension and a paycheck.

In 2009-10, some 1,000 CSU employees joined Kreiner in the Faculty Early Retirement Program, or FERP. In retirement, some make more than the $95,000 paid to the average full-time CSU professor. Including both checks, many collect more than their previous full-time salary.