Retirement Eligibility & Planning Steps

Retirement Eligibility

Retirement may occur when a regular status employee either:

  1. Has a minimum of seven years of regular service and who is at least 60 years of age or
  2. Has a minimum of seven years of service in eligible Faculty or Staff status, and whose combination of age and years of regular service of not less than 80% full-time equivalent at the University is equal to or greater than 75.

For purposes of the preceding sentence, years of regular service mean calendar years or (in the case of faculty) academic years and employment on a basis of not less than 80% full-time equivalent during any part of a calendar year or (in the case of faculty) an academic year shall be counted as a full year of regular service.

For information about faculty phased retirement, visit the Faculty Affairs policy webpage.


Planning Retirement Steps

If you are planning to retire soon, you will need to follow these steps:

1. Contact your Benefits Specialist at least three months prior to your expected retirement date.

2. View our Retirement Checklist to follow the steps of transitioning into retirement!

3. Complete the Continuation of Benefits Form.

4. Contact the to discuss or update your retirement plan including your 403b or 457b.