The normal retirement age for all members of the University staff shall be 59 1/2 years. Employees may retire at age 55 after 10 years of service with the University. An employee also may be retired prior to the normal or mandatory retirement age because of physical or mental disability that prevents such employee from satisfactorily performing work, such disability to be determined by resolution of the Board. (Board of Regents Bylaws 3.12.1)

Although the Board of Regents had a "health care policy for tenured early retirees" (BOR Policy 4.2.5), it was determined to be unallowable by a recent Eighth Circuit U.S. Court of Appeals decision. Eligible tenured faculty who are considering retiring should discuss retirement with their chair and dean/director.