William and Mary Moves to End Large Pre-Retirement Raises

The College of William and Mary is preparing to phase out a policy that granted automatic raises of 8 and 7 percent to faculty members in their last two years before retirement, The Virginia Gazette reported. The policy -- in which these professors are removed from the merit review process for raises -- was designed as an early retirement incentive. But officials said that they reviewed the process out of concern that the system limited funds available for raises for others.