ao financial disclosure report report required by the ...€¦ · calabresi, guido . 2. court or...

9

Report Required by the Ethics AO 10 FINANCIAL DISCLOSURE REPORT in Government Act of 1978Rev. 112007 FOR CALENDAR YEAR 2006 (5 U.S.C app. §§ 101-111)

1. Person Reporting (last name, first, middle initial)

Calabresi, Guido

2. Court or Organization

U.S. Court of Appeals, 2nd Cir

3. Date of Report

08/01/2007

4. Title (Article III judges indicate active or senior status; magistrate judges indicate full- or part-time)

US Ct of Appeals Judge, Active

Sa. Report Type (check appropriate type)

D Nomination, Date

D Initial Annual D Final

6. Reporting Period

01/01/2006

to

12/31/2006

Sb. D Amended Report

7. Chambers or Office Address

U.S. Court of Appeals, 2nd Cir 157 Church Street New Haven, CT 06510-2030

8. On the basis of the information contained in this Report and any modifications pertaining thereto, it is, in my opinion, in compliance with applicable Jaws and regulations.

Reviewing Officer Date

IMPORT A.NTN OTES: The instructions accompanying this form must be followed. Complete all parts,

checking the NONE box for each part wherr;i you have no reportable information. Sign on last page.

J, POSITIONS. (Reporting individual only; see pp. 9-13 of instructions.)

D NONE (No reportable positions.)

POSITION NAME OF ORGANIZATION/ENTITY

I. Sterling Professor Emeritus, Professorial Lecturer Yale Law School, 11/01/1995 - present

2. Honorary Trustee - Unpaid Carolyn Foundation, MN, 01/01/1996 - present

3. Member , Scientific Committee - Unpaid Centro Nazionale Prevenzione e Difesa Sociale, 1988 - present

4. President, Board of Trustees - Unpaid Chapel of St. Thomas More, Yale University, 1997 - 2007

5. Member - Unpaid Northwestern University Law Board, 2002 -2006

C.J ,._, =

er; (j

= __, ;TI

r ·-· :1 ::J>· rn

JJ. AGREEMENTS. (Reporting individual only; see pp. 14-16 of instructions.)

D NONE (No reportable agreements.)

C)::::;:

�- : ��

C):S> -r; r

c= c;-,

I _J

J>

() rn

< 4 ·I' I

PARTIES AND TERMS C) Pl .i=

0

CJ11. Present Right to be Professorial Lecturer, Yale University, upon retirement (See Attachnient A) ,

2. Present Right to use accumulated (approximately $2,000) research and travel fund, Yale University, even after retirement

3.

Name of Person Reporting Date of Report FINANCIAL DISCLOSURE REPORT

of10 Calabresi, Guido 08/01/2007

III. N 0 N-JNVESTMENT JN CO ME. (Reporting individual and spouse; see pp. 17-24 of instructions.)

A. Filer's Non-Investment Income

D NONE (No reportable non-investment income.)

SOURCE AND TYPE INCOME (yours, not spouse's)

I. 2006 Yale University - part-time teaching $ 24,780

2.2006 Yale University Press - royalties for previously written book $ 380

3.2006 W.W. Norton & Co. - royalties for previously written book $ 352

4.2006 Copyright Clearance Center - Copyright payments for previously written $ 50 books, etc.

5.

B. Spouse's Non-Investment Income - If you were mt1rried during any portion of the reporting yet1r, complete this section.

(Dollar amount not required except.for honoraria.)

[RJ NONE (No reportable non-investment income.)

SOURCE AND TYPE

I.

2.

3.

4.

5.

JV. REIMBURSEMENTS-· transportation, /odging,foot/, entertainment.

(Includes those to spouse and dependent children. See pp. 25-27 of instructions.)

D NONE (No reportable reimbursements.)

SOURCE DESCRIPTION

l. Un iversity of Rome Ill 06115105 ·Lecture (travel, food), Rome, Italy (note: part paid in 2005)

2. Yale University Law School 10124105 to l0/25/05 ·Lecture (travel), Rome, Italy

3. Association of American Law Schools 01105106 to 01/06/06 ·Lecture (travel, food, lodgings), Washington, D.C.

4. Yale University Law School 01/10/06 to 01/11/06 ·Lecture (travel). Rome, Italy

5. Yale University Law School 02/06/06 and 02/07/06 - Lecture (travel). New Haven. CT

8.

FINANCIAL DISCLOSURE REPORT

of10

Name of Person Reporting Date of Report

Calabresi, Guido 08/01/2007

6. George Washington Law School 02109106 - Moot Court (travel, food), Washington, D.C.

7. University of Arizona 02115106 to 02/17/06- Lecture (travel, food, lodging}, Tucson, AZ

University of Brescia 03104106 to 03115106 - Lecture (travel, food, lodgings), Brescia, Italy

9. Yale University Law School 04106106 - Class Party (food), New Haven, CT

10. Boston University Law School 04/21/06 - Lecture (travel), Boston, MA

11. Carolyn Foundation 04/28/06 to 04/30/06 - Trustee Retreat (travel, food, lodging), Chaska, MN

12. Osservatorio Giordano d ell'Amore 05104106 to 05106106 - Lecture (travel, food, lodging), Stresa, Italy

13. Yale University Law School 09106106 - Conference (travel), Albany, NY

14. Yale University Law School I 0/08/06 - Class Party (food), New Haven, CT

15. Boston College Law School 10/11/06 - Lecture (travel), Boston, MA

16. European University Institute I 0/24/06 - Lecture (travel), Florence, Italy

17. Yale University 11116/06 - Lecture (travel, food), Washington, D.C.

18. Carolyn Foundation 12/01/06 to 12/02/06- Trustee Meeting (travel, food, lodging), Minnesota, MN

5.

Name of Person Reporting FINANCIAL DISCLOSURE REPORT

of10 Calabresi, Guido

Date of Report

08/01/2007

V. GIFTS. (Includes those to spouse and dependent children. See pp. 28-31 of instructions.)

[K} NONE (No reportable gifts.)

SOURCE DESCRIPTION VALUE

I.

2.

3.

4.

5.

VI. LIABILITIES, (Includes those of spouse and tlepemlent children. See pp. 32-33 of instructions.)

[K} NONE (No reportable liabilities.)

CREDITOR DESCRIPTION VALUE CODE

I.

2.

3.

4.

i ------------A ---"----·--i _B_. ______ .

I 1

(0i--f--<2i___ - --m--t --o) -1<2l'_T_rn 1 (4) --------(5 ) ____ --1 j

----- ---

3 Value Method Codes

(See Column C2) Q =Apprn1sa!

U =Book Value

R =Co ! {Real bt;11t: Only)

V =Other

Name of Person Reporting Date of Report FINANCIAL DISCLOSURE REPORT oflO 08/01/2007Calabresi, Guido

VII. INVESTMENTS and TRUSTS -- income, value, transactions r1nc1udes those of the spouse and dependent children. see PP· 34-60 a/filing instructions.)

D NONE (No reportable income, assets, or transactions.) ____ ,,_,.. :, ------c-·--T- ---·---------

D.I .1I Description of Assets : Income during Gross value at end of Transactions during reporting period

II (including trust assets) I reporting period reporting period

I Place "(X)" after each asset Amount I Type (e.g. Value 1 Value Type (e.g. I Date ;alue I Gam Identity of I I exempt from prior disclosure Code I div., rent, Code 2 I Method buy, sell,

I Month -1 Code 2 Code I buyer/seller I

II' (A-H) or int.) (J-P) I Code 3 redempt10n) Day (J-P) (A-H) (1f pnvatc I

1 i (Q-W) I I I transact10n) I

L.. L____ __ l_______J______ __ l_

_

_ L--

-

' ____J ________ J I. Mass Mutual (whole life) Insurance

2. New York Life (whole life) Insurance

3. AIG SunAmerican (whole life) Insurance

4. House and adjacent lot (Bethany, CT) for investment purposes

5. Par tial interest in Co-op Apt (NYC, NY) for investment

6. Fleet Bank, checking account

7. Fleet Bank, IMMA Account

8. Banco di Napoli, checking account

9. Merrill Lynch Bank & Trust USA - cash

IO. I Shares TS & P 500 (mutual fund)@ Merrill Lynch

11. I Shares TS & P Mid-Cap M400 (mutual fund) @ Merrill Lynch

I2. American Growth Fund Mutual Fund @ Merrill Lynch

13. General Mills (common)@ Merrill Lynch

14. Trust# I, income beneficiary

I5. --First Am. Tax Free Oblig Fund (cash equiv)

I6. --First Am. Sm-Mid Cap Core Fd -former Tech Fd (mutual fund)

17. --First Am. Short Tax Free (mutual fund)

D

A

A

A

D

E

E

D

D

G

None L

None L

None K

Rent 0

None Pl

Interest J

Interest K

Interest J

Interest M

Dividend PI

Dividend Pl

Dividend Pl

Dividend N

Div. & Int. Pl

T

T

T

R

R

T

T

T

T

T

T

T

T

T

l. lncome Gain Codes: A =S 1,000 or less B =$\,001 -$2.500 c =52,501 -$5,000 D $5,001-Sl5,000 E =515,001 -SS0.000

(See Columns 81 and 04) F =$50,00 I - SI 00,000 G =SI 00.00 I - S 1.000.000 HI =Sl.000,001 -S5,000,000 H2 =More lhan SS,000,000

2. Value Codes J =S 15,000 or less K =S ! 5.001 - )50,000 L =$50,001 -SI00,000 M =$100,001 -5250,000

(See Columns Cl and D3) N ••$250,001 -$500,000 0 =S500 .001 - S 1,000.000 PI =SI ,000,00 I - 55,000,000 r2 ss,000,001 . s25.ooo,ooo

PJ --s2s.ooo.001 - s5o,ooo,ooo P4 =More than S50,000,000 T ""Cash Market

S "'Assessment

\\I '=Estimated

--;_--·---------, ----B -----i---c.----- i--·------··--·------J)

_

--------------1

(;)

eport!1g p:��d_--�;:�ort_i_n p ::� _0_) __ 1 mount

I _

Tm-l-(3J--f(4)_f ___

Name of Person Reporting Date of Report FINANCIAL DISCLOSURE REPORT of10 Calabresi, Guido 08/0l/2007

VII. INVESTMENTS and TRUSTS - income, value, trilnSilCtions (lnc/wles those of the spouse and dependent children. See pp. 34-60 of filing instructions.)

D NONE (No reportable income, assets, or transactions.) 1-------·-----

Transactions during reporting period Description of Assets Income during i Gross value at end of j _(5)---- i

Identity of ' buyer/seller !

i Date Value I Garn 1

(including trust assets)

I Type (e.g. Value II III div., rent, Code 2

Value Type (e.g. Place "(X)" after each asset Method buy, sell \ Month - I Code 2 f Code l: Iode l exempt from prior disclosure II _A-H) or mt.) I lI(J-P) Code 3 redemptwn) Day (J-P) t (A-H) (1fpnvateI I I(Q-W) transaction)I !L_[ _L__ l _"__J______J_______J_ _ _ _ _L__ __J_ _ _ _ _ _ _J

18. --General Mills (common)

19. --Investment Co. of America (mutual fund)

20. Trust #2, income beneficiary F Div.&lnt Pl T

21. --First Am.Tax Free Oblig. Fund (cash equiv.)

22. --First Am. Short Tax Free (mutual fund)

23. --Imation Corp (common)


25. --Minnesota Mining & Mfg. (common)

26. --First Am. Small Cap Growth Fund (mutual fund)

27. --First Am. Sm-Mid Cap Core Fd- former Tech Fd (mutual fund)

28. Trust #3, income beneficiary None P2 T See note in Part VIII

29. --Darden Restaurants (common)

30. --Exxon (common)

31. --General Mills (common)

32. --IBM (common)

}} --JP Morgan (common)

34. --AT&T lnc.(common)

l. lncome Garn Code : A ""SI ,000 or less s =s 1,oo1 - s2.soo C =S2,5UI · SS.000 D =SS,001 - SJS,000 E =SIS,001 -SS0,000

{See Columns 81anti04) F =SS0.00I · SI00,000 G=SIOO,OOl -Sl,000.000 HI =Sl,OOIJ.001 · SS.000.000 H2 :o=More than S5,000,000

2. Value Codes J :=SI S,000 or less K =SI 5.001 · SSO,IJOO L =SS0.001· SI00.000 M =s100,001. s2so.ooo

(See Columns Cl and D3) N =5250,001· 5500,000 0 =5500.00 I · S1.000.000 Pl =SUHJ0,00\ - )5.000.000 P2 =SS,000,001 · S25,000.000

3. Value Melhnd Code P3 =s2s,ooo.001 . sso.000,000 R =Cost (Rea\ Estate Only) P4 =More than S)lUHl0.000 T :=(ash Market

(See Colurnn C2) Q =/\ppra1sal V -=01her S =/\ssessinen\

U ""Book Value \V =Estimated

--·--·-·-·----A ---- -------r- -----B-

.

---------! ----c ---- -

· -L

\/ 111

(!) ____ --

D.

I ; d

v;,i :t, ! c( ;)2 �r�

I

:::; ::on)

Date of Report Name of Person Reporting FINANCIAL DISCLOSURE REPORT of10 08/01/2007Calabresi, Guido

vn. INVESTMENTS and TRUSTS -- income, value, transactions (Includes those of the spouse and dependent children. See pp. 34-60 of filing instructions.)

D NONE (No reportable income, assets, or transactions.)

Transactions during reporting period

·-·-·----- ---·--

Description of Assets Income during ) Gross value at end of 1(including mist assets) I reporting period L____r:Jiorting period

Datec2)

MonthValue

(4)Gain

oi --1Type (e g

(3)Value

(5)Identity of I 2

r-- ,---<z5·---1 Amount Type (e.g. i ValuePlace "(X)" after each asset

exempt from prior disclosure II Code l buyer/sellerCode

Day (if private transaction)

I

(J-P) (A-H)

I ___l_____ --·---L___ __LL._ ________ _ l____ __J 35. --US Bancorp (common)


37. --Merrill Lynch Bank & Trust USA - cash

38. --Radkowski Thorium Power Corp. (common)

39. --Am. Growth Fund (mutual fund)

40. --Am. Euro Pacific Growth Fund (mutual fund)

41. Trust #4, income beneficiary None P l T See note in Part VIII

42. --Merrill Lynch Bank USA - CMA Money Fund (cash equiv.)

43. --1Shares TS & P 500 (mutual fund)

44. Trust #5, income beneficiary None P l T See note in Part VIII

45. --Bank of America (common)

46. --Morgan Stanley Em. Mkt Fd (mutual fund)

47. --Bank of America checking account - Cash

48. Guido Calabresi Retirement, TlAA-CREF None P l T See note in Part VIII

49. Bank of America (common)@ Merrill Lynch

E Dividend 0 T part donated 12/l l M

50. part buy 12/14 M

51. Trust #6, income beneficiary F Div. & Int. Pl T See note in Part

I. Income Gain Codes:

(See Columns Bl and 04)

!\ =S 1.000 or less

F =sso.001 - s100.ooo

B=Si ,00 I - S2,500

G=SI 00,00 I - St .000.000

C =52,501 - SS.ODO

HI =51,000.001 - s5.ooo.ooo

o=ss.001-sts.ooo

H2 =More than SS,000,000

E=SIS,001-550.000

2. Value Codes J =Sl 5,000 or less K =Si 5,001 - SS0,000 L =SS0.001 - SI00.000 M =5 I 00,00 I - 5250.000

(See Columns Cl nnd 0.1) N · S250,00I - S500,000 0 =S500,0lll - Si,0110,000 Pl =Sl,1100,1101 - 55,000,000 P2 =SS,000,001 - S25,000.000

3. Value Me1huJ Codes p1 =s2s.ooo.001 . sso.000,000 R =Cost {Real Estate Only) P4 "'More 1han S50.000.000 T °"Cash Market

(See Column C2) {) 0 Appra1sal V :=:Other S==J\ssessmenl

U 0-=l3ook Value W "'Estimated

- - ---- ,--------i----·---------·-· I

V

;

alu

0

e

rting pe

Value I

--l _____ J _____

I <2J _{i) ___ -(:J)l-(4l_l __ (5)--1I

Name of Person Reporting Date of Report FINANCIAL DISCLOSURE REPORT of10 Calabresi, Guido 08/01/2007

VII. INVESTMENTS and TR us TS - income, value, transactions (Includes those of the spouse and dependent children. See pp. 34-60 of filing instructions.)

D NONE (No reportable income, assets, or transactions.)

A 1 B c Income durmg Transactions during reporting period lI!,-----------

,

Type (e.g.

Gross value at end of ----Descnpt1on of Assets ---- _l _(ll--.-1'Value Gain Identity of

Code I buyer/seller

--,II reportmg penod

Type (e g.

(mcludmg trnst assets) I

Place "(X)" after each asset 1oi

exempt from pnor disclosure /jiI___

\AmountI[ Date

I Code 2 ,IJ

Code 2 I(J-P) II

Code Method Code 3

div , rent, buy, sell, Month -redemption)I I1(A-H) or int.) (J-P) Day (A-H) (if private

1I transaction) I

(Q-W) IIi I __L __L I

_l______JL

52. --Grantham, Mayo, Van Otterloo (mutual funds)

53. Investment Co. of America (mutual fund) A Dividend J T

1. Income Gain Codes: /\ =S 1 ,000 or les 8 =S 1,00 I • S2,SOO C =$2,501 - SS,000 D=SS,tllll -SIS.0110 E =SIS,001 - SS0,000

(See Columns Bl anJ 04) F 0SSO,lllll - SI00.111111 G =S 100,001 - S 1,000,000 HI =Sl,000,001 - S5,000,000 H2 =More tlmn S5,000,000

2. Value Codes JN

=S l 5,000 or less

"S250,Ulll

K =$15,001 - SS0,000 L =SS0,00 I - SI 00,000 M =SI 011,0tl I - $250,000

(See Columns Cl <ind D>l S500.000 0 =SS00,00 I S1,000,000 Pl =Sl,000,001 - SS,11011,000 P2 =S5.lltltl.llUI - S2S.Otl0.000

3. Value Method Code Pl ::'.-,25.000.001 - S50.000.000 R =Cost {Real Estate P4 ""More than SS0.000.000 T =Ca::.h Market - Only) () =t\pp1a1:.al S="Assessment(See Column C2) V:=Otherl_I =Bonk \';due W::.::Estimated

Date of Report Name of Person Reporting FINANCIAL DISCLOSURE REPORT


VIII. ADDITIONAL INFORMATION OR EXPLANATIONS. (lndicatepartofReport.)

VIL INVESTMENTS AND TRUSTS

l have not included my personal residence in Connecticut and its adjacent land; an apartment and caretaker's apartment and an olive grove in Italy held for vacation trips and not for investment or the production of income; a fishing camp in Maine held for vacation trips and not for investment of the production of income; land across the road from my residence in Connecticut held to protect my land and not for investment or the production of income; and additional land identical to this and adjacent to it.

Trusts #3, #4, and #5 in part VII and the retirement account described in VII# 48 did not distribute any income to me or to an immediate family member. Income was earned and not distributed.

In 1995 a family member and I established a Charitable Remainder Unitrust. The family member and I are 5.5% income beneficiaries during our lives, or 20 years, whichever is longer. The trustee is instructed to invest the money only in widely diversified mutual or money market funds. See part VII Tmst #6.

oo)

Name of Person Reporting Date of Report FINANCIAL DISCLOSURE REPORT


IX. CERTIFICATION.

I certify that all information given above (including information pertaining fo my spouse and minor or dependent children, if any) is accurate, true, and complete to the best of my knowledge and belief, and that any information not reported was withheld because it met applicable statutory provisions permitting non-disclosure.

I further certify that earned income from outside employment and honoraria and the acceptance of gifts which have been reported are in compliance with the provisions of 5 U.S.C. app. § 501 et. seq., 5 U.S.C. § 7353, and Judicial Conference regulations.

?

NOTE: ANY INDIVIDUAL WHO KNOWINGLY AND WILFULLY FALSIFIES OR FAILS TO FILE THIS REPORT MAY BE SUBJECT TO CIVIL AND CRIMINAL SANCTIONS (5 U.S.C. app. § 104)

FILING INSTRUCTIONS

Mail signed original and 3 additional copies to:

Committee on Financial Disclosure Administrative Office of the United States Courts Suite 2-30 I One Columbus Circle, N.E. Washington, D.C. 20544

JUDICIAL CONFERENCE OF THE UNITED STATES

COMMITTEE ON FINANCIAL DISCLOSURE

George D. Reynolds, Staff Counsel One Columbus Circle, N.E. Washington, D.C., 20544

Telephone:(202)502-l 850 Facsimile:(202) 502-1899

May 1, 2007

Honorable Guido Calabresi United States Court of Appeals Connecticut Financial Center, 18th Floor 157 Church Street New Haven,.CT 06510-2100

Re: Calendar Year 2006 Filing

Dear Judge Calabresi:

Judge Ortrie D. Smith, Chair of the Committee on Financial Disclosure, has asked me to inform you that your requested extension until August 13, 2007, to file your calendar year 2006 financial disclosure report has been granted.

Sincerely,

George D. Reynolds

To: Guido Calabresi

From: Stephen Yandle

Data; February 3, 1994

Re: Recirement benefits

Tenured members of the Faculty upon retirement may elect to continue teaching and ocher activities at the School on a part:-time b.asis. In accordance with usual curricular processes retired professors may te ach one half time or less. Faculty members electing to teach half time may offer up to one course in each semester of the academic year or, by arr.angemenc with the Dean , t:wo courses in one term followed by a term in which they offe r no courses. The pare-time privileges and responsibilities will continue without term, but subject: to the st:an.ciards for com:inu.at:ion applied co non-ret:ired,

' tenured faculty members.

Recired faculty must take up a reduced teaching assignment within t:t.ro

years of the dace of their retirement and may not interrupt t:heir teaching for longer than two academic years without for:Eeiting their appointments. Recired faculty who elect to teach par -time will designated as Professorial Lsct:urers. Appropriate compensation for part·time teaching is determined by the Dean.

, '

After re tirement faculty continue to receive vari?us forms of support. The support may depend on whether the faculty member continues to teach.

Offices.

Upon retirement faculty members will leave the larger offices that they aw.y occupy and will lose their position on r:he office •eniority list:, but: will bo provided ot:her office space.

Secrer:.aria..1

Retired faculty will continue to receive secretarial

but at a reduced level. In general, Professorial Lacrurers would half che usu.al a.llocat:ion for full time faculty.

Leaves

Retired faculty who continue to te ach can be grant:ed leave proportionate to the amount of teaching ey are doing (e.g. A

Laci::urer who is teaching a course a semester.could rece ive a semester triennial leave every three years. Pay for the leave would be equal to the amounc thac the faculty member would have received for teaching that

support, receive

triennial Profess orial

--

income.

faculty member is classified health coverage even

requirament:s becaW?_e Medicare r gular health benefits than Medicare so retired the regular faculty

contribution to the Dental are half time or

Medic.al Benefits

coverage. .

as 50% or more, if he or she meets regulations st:ipulat:a from their employer faculty listed a.s

medical plan.

Under current policy if a he or she is nor eligible for reriremenr

the age and term of service chat anyone who is entitled to

must receive that benefit ra her 50% or more would be covered Wider

Dental Insurance

There is no University Plan, but still the plan is •vailable only to facult:y who more.

Long-term Disability

Faculty classified as 50% or more are eligible for coverage under the University's long-tarm disability program . The benefits of that: program terminate .at: .age 70.

Yale faculty with JO years of servic are eligible for posr-retirement medic.al coverage comparable to that provided full time faculty. Faculty "With lass than 30 years of service receive a pro rara

benefi t based on years of service. The coverage, while comparable, is different as it is designed co take advantage of Medic.are benefits. Faculty who are classified as 50% or more .iU'e eligible for the regular faculty health

f Flexible Benefits

.

The University requires that a faculty member be employed SOI or more to p.a.rticipata in the flexible benefits program.

Group Lifa Insurance

Faculty members may participate in the group life insurance pl.an if employed half time or more. If employed less than half time, the group life insurance c.an be convert:ed to a whole life policy.

Benefits Dollars

Faculty working half time or mere receive $27 per

month which can be applied co faculty paid benefits or acc5pted as taxable

Scholarship Plan fcr Sons and Daughters

The benefit is available to all racired faculty who

meet the length of service requiremen six ccn inucu.s years prier to total···.receiving the benefit or four continuous ye.ar.s prior and eight: yea.rs of

:scrrvic".

1·

faculty serving aa Profe sorial Lecturers will have ccmpleced cont:ribution.s co

retiremenc accounts ac the regular annual formula will nae cease bef ora age

discrecion of the dean wich the approval of the Prcvo c.

from pre-cecirement, muse conform

·- -- - -·--, .......... v ... :. t:o rc:te.ssori.al Lac:t:urer.s a.re a.t: tha

Ret:ired faculty may "carry fcnrard" their .schedule-d leaves buc only as to the timing of the next: ·leave due, which

to che tipulat:ion above (e.g. A facult:y wember who had no leave for CYo years prior to recirement: and who s an:ed teaching a course a semesr.er

after reciremen would be eligible fcr a paid leave in the second semester of retirement, buc t:he p.ay would be in the amounc of the salary t:h.a.t: would have ·

been paid for teaching a course in thac semester).

Summar Stipends

Retired faculty are not eligible fer ummer .stipends.

Research Assisca.nc3

Recired faculty may receive the same type of research support as full time faculty. Requests fer research a.ssist:ant:s and travel must be submitted to the dean for approval. Other supper requests -

computers, duplicat:ing, etc. - ould be prcconsed t:hrcugh exis ing administrative procedures wit:h non-routine approval being referred to the dean. General upport from the library and its sraff vi.11 be available. Book purchase requests should be diract:ed to the Ubr.ari.an. 'All of these procedures are identic.a.l to those in place fer full time faculty.

Salary

Salary will be negot:i.at.ed indi vidu.ally Iii.th the d.e.a.n, but as

a general guideline Profassori.al Lec'tllrars who teach a course each emest:2r after re irement will receive one qu.ar er of their pre-ret:iremenc salary. Th.at: salary will be rev-;1.ewed annually and Professorial Lac'ttlrers will be eligible for increases. Increases will generally be limited to the Universiry figura for tenured faculty.

University Benefits

Ganer.al

University benefics is defined

hinge on whecher che faculty member is -half time or more•, which precisely a.s 501 or more.

Raciremcn Con ribution

The Law School will m.ake ccn ribucions to retiramenr funds for Profe5sori.al Lect:urers to the extenc possible given the University'3 formula for complecion of contribut:ions cc retiremen funds. The operaLion of

the formula c.a.n vary by individu.a.l, but: l t: is highly likaly that: L.a.w School

For faculty whoretirement: funds prior to serving as Professor1.a..l. Lacru.rers. ,ccncribut:ions1993, toYale prior to July l,had fifi:een years of service at

70.

who ret:ire at age 62 or over with at least 15 the •normal retirement age of 10• vill ba eligible

a cash benefit. The benefit equals 60% of tha average salary plus 2% for each yea of service

o r, i£ less, the amount: t:hac would be ..required co bridge the difference bet:veen the annuity which

participant:' s Ya.le racirement: account: balance ac and cha annuity which could be purch,ased with (ac 4%) to ftnormal reciremanc age.- For the

a.moWlts in t:he account: balance in axe ass of six fer the cal.ci.tl..a.t:ions.

E.oi.rly ret:irement

For faculty years of service and before to receive from the University p.art:icipanr's three year final with t:he University over 15, purchase an annuity th.at: would could be purchased with the the da:ca a·f early reciremenc that account: balance projecred purpose of the foregoing,

will be excludedtimes salary

' •

ao financial disclosure report report required by the ...€¦ · calabresi, guido . 2. court or...

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