Aging professoriate placing stress on PSE budgets: HEQCO

March 8, 2018

The Globe and Mail reports that the proportion of Ontario university faculty over the age of 65 has grown from nearly zero to 9% since the federal government abolished mandatory retirement in 2006. Meanwhile, the number of professors aged 45 and under has declined by 9%, according to a recent HEQCO report. HEQCO President Harvey Weingarten voiced concern that an aging professoriate “has more of a constraining influence on the opportunity for renewal." The HECCO report adds that if all faculty retired by 66, universities would have the capacity to hire 2,000 younger faculty at the average starting salary. Ontario’s Ministry of Advanced Education and Skills Development said that it is in discussion with institutions about how best to renew faculty ranks. Globe and Mail