RETIREMENT FROM THE UNIVERSITY
Process Information
There are two options available for retirement: Regular and Phased. This site will help you know what to do and when to do it to ensure a smooth departure.
Regular Retirement
You must be at least 55 years of age to be eligible for retiree benefits. If you leave the University any time after age 55, you are eligible for certain benefits. You must contact the Benefits Office for information. You should establish a retirement date with your department. Contact the Benefits Office at least six weeks prior to your retirement date to schedule an appointment to complete the necessary paperwork.
Phased Retirement
Phased retirement is an excellent benefit, however you must receive approval from your department and the appropriate administrative offices in order to participate. The request to enter the program may not be approved if it is deemed not to be in the best interest of the institution.
- Phased Retirement Program effective 7/1/07
- Request to Participate in the Phased Retirement Program (PDF file)
For Those Considering Either Plan
Prior to your retirement, you may also want to consider attending the annual seminar on the financial considerations and also the important social, emotional, and health Conditions of Retirement. This seminar is offered through the Benefits Office and UI Learning and Development Designed for employees 50 and over.