This paper focuses on the economic, social, and psychological impactcs of retirement on the faculty members of Tehran university. This is an important issue. On one hand, the population of retired people in many sociteies is getting larger, and larger. On the other hand, the employed people feel a kind of jop insecurity, If these people do not have an acceptable social, economic and psycological situation the people who are working now, also would not work with assurance and their productivity would be decreased.
This paper is based on a survey method. The results of this survey show that the fuculty members of Tehran University besides having economic and social problems, have psychological problems such as stress, uncertainty, absurdity and uselessness. Finally this paper is supporting the idea of “step by step retirement” instead of “complete retirement”.