Retirement & Reduced Appointment Retirement Plan

A. Retirement

Employees shall be entitled to retire on any June 30 coincident with or following their 55th birthday, provided that those who choose to retire prior to their 60th birthday shall have completed a minimum of 10 years of service at the university.

Employees who have met these requirements shall give the Employer notice before the effective date of retirement. It is desirable to give the Employer twelve    months notice; however, the Employee shall give at least 90 days notice before the effective date of retirement.

For more information please see Article 24 in the Faculty Association Collective Agreement

Procedure:

  1. The faculty member submits to the dean a letter stating the intent to retire and effective date proposed for the retirement.
  2. The dean accepts and confirms the retirement by sending a letter to the employee. This confirmation letter must state the specific date on which the retirement is to be effective. Copies of the dean’s confirmation letter with a copy of the employee’s letter of retirement shall be sent to the Office of the Vice-Provost, Faculty Relations, the department head, and Human Resources Division.
  3. The Human Resources Division will advise the employee of retirement procedures and will notify payroll, benefits, research accounts, the Parking Office, Employee and Student Accounts, the Library, Bookstore, Computing Services and University Club that the employee has retired.

B.  Reduced Appointment Retirement Plan

A Reduced Appointment Retirement Plan (RARP) shall be available to employees who are 55 years of age or older and have a minimum of 10 years of service. The term of the reduced appointment retirement plan shall be for minimum of 12 months and a maximum of 36 months. Employees shall be considered retired at the end of the term of the reduced appointment.

For more information please see Article 24.5 in the Faculty Association Collective Agreement.

Procedure:

  1. Employees who wish to participate in the RARP shall notify their department head, dean and USFA no less than six months prior to the date on which the reduced appointment is to begin.
  2. The dean confirms the appointment by sending a memo and the changes to the assignment of duties approved according to Article 11 to the Office of the Vice-Provost, Faculty Relations and the department head with a copy of the employee's letter wishing to participate in the RARP.
  3. The Office of the Vice-Provost will send a letter to USFA to be reviewed by the Joint Committee for the Management of the Agreement (JCMA). Once the RARP has been reviewed by JCMA, the reduced appointment is irrevocable and constitutes notice under Article 24.2.