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Is there any “grandfathering” of the prior FIAP terms?

fiap prior terms
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Is there any “grandfathering” of the prior FIAP terms?

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Yes. Senior faculty members who were hired before January 1, 2004 and who were 54 or older at their hire date may elect to terminate employment and receive benefits in accordance with the prior FIAP terms. Under these prior FIAP terms, a faculty member could terminate employment and receive FIAP benefits as of the academic year-end (June 30) following the completion of 15 years of full-time service.

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