SECTION 5. RETIREMENT POLICY FOR MEMBERS OF THE FACULTY [See Section 7.g.] [Amended 6/26/87]
a. Except as hereinafter provided, each member of the faculty may retire in accordance with the provisions of Chapter 135, Article 1, of the General Statutes of North Carolina (Retirement System for Teachers and State Employees).
b. Each member of the faculty who has permanent tenure and who reaches his or her seventieth birthday on and after January 1, 1987, and before January 1, 1994, shall automatically be retired from University employment (without notice) -on July 1 coincident with or next following his or her seventieth birthday, unless he or she is continued in employment pursuant to the provisions of subsection c. of this Section 5.
c. A faculty member who has permanent tenure and who reaches his or her seventieth birthday on or after January 1, 1987, but before January 1, 1994, may be continued in employment past the retirement date specified in subsection b. only when exceptional circumstances are such that the University would suffer adverse effects if the individual's service were not to be continued, and only where the salary of the individual is fully funded from sources other than continuing State budget funds. Continuation in employment may be authorized only in increments not exceeding one year and only for a maximum of halftime service. Such continuation in employment shall not extend beyond July 1 coincident with or next following the employee's seventy-second birthday. Any continuation in employment must be in accordance with the following procedure.
The faculty member may request a review of the chairman's determination by the chairman's immediate supervisor. This request must be in writing and may set forth any exceptional circumstances relating to adverse effects upon the University to be expected should the faculty member not be continued which the faculty member considers relevant to the determination. The supervisor may concur with the chairman's determination, in which case his or her concurrence is a final determination, or he or she may determine that the matter should be reviewed through the normal channels to final review by the Chancellor. In the latter case, he or she shall so notify the faculty member's chairman, who shall thereupon put the matter forward into the regular administrative review channels. Concurrence wit) the chairman's determination at any level of administrative review is a final determination, and review thereupon terminates at that level. If there is concurrence at all levels of administrative review that the chairman's determination should be reversed, the faculty member is thereupon continued in employment for the succeeding year in accordance with the regular conditions of year-to-year continued employment.