Retiring can be the icing on the cake of an exciting career if you have prepared yourself for it. If you are thinking about retiring, there are a few things that you need to consider. We can support you in planning for your retirement, as well as through the process.
Retirement information sessions
If you are thinking about retirement, we encourage you to attend a Planning for Your Retirement session. Retirement needs are varied and issues such as finances, lifestyle, and social networks play an important role. This two hour seminar is run by Human Resources, and covers key retirement information at the University.
When can I retire?
There is no compulsory retirement age, but individual circumstances and genuineness of their retirement are taken into account.
For some people, phased retirement may be helpful. This allows staff to gradually decrease their FTE to a fixed retirement date.
Upon retirement, staff may be entitled to a retirement gratuity. This is defined in your employment agreement. If you would like to to find out what you are entitled to, please contact Brian Donnelly on ext 8274 or firstname.lastname@example.org.
What do I need to do?
If you have decided that you would like to retire, you will need to follow these steps:
- Speak to your Head of Department/Manager about your plans so that your department can plan for the future.
- Write a formal letter to your Head of Department/Manager stating that you mean to retire. Where appropriate, this letter should be endorsed by your Dean, Pro-Vice-Chancellor or Senior/Manager with a gratuity recommendation
- Your letter will then be sent to the Human Resources team who will send you a letter of acknowledgement.