Steps to take to retire聽
If you're considering retiring, the following checklist will help walk you through the process, and ensure that no important steps are missed:
- The employee provides notice of retirement.听
- For administrative and support staff: inform your immediate supervisor as soon as possible (minimum 2 weeks before retirement date)
- For academic staff: Refer to regulations or the Academic Personnel Office.听
- Area processes retirement in Workday (refer to Termination & End Additional Job - Job Aid - Under Staffing, Termination - reason = retirement).听 Any outstanding or accrued vacation will be calculated and payment arranged.
- Remember that an employee's retirement date is his/her last working day (not the day after).
- The employee may wish to attend the聽pertinent聽information sessions,听watch a video capsule聽or attend one of聽
Sun Life's Financial Wellness Webinarson聽topics such as retirement, settlement, decumulation, etc., to learn more.听 - If the employee is a member of Part A (hybrid segment) of the 平特五不中 Pension Plan who is 55-65 years old, within 6 months of retirement, the employee needs to provide Sun Life with their marital information before a settlement package can be issued.
- The employee consults pension information on the Sun Life Financial website including the Retirement Planner. Then, following receipt of a settlement package from Sun Life, he/she chooses a settlement option(s) or defers settlement.
- The employee聽should familiarize themselves聽with the post-retirement benefits for which they may be eligible, and the services available to them (below).听
- If eligible, the employee then elects post-retirement benefits coverage.听
- You can sign up for courses in the 平特五不中 Community Lifelong Learning program within the 平特五不中 School of Continuing Studies. This program is a community of mature learners emphasizing peer learning through active participation.听
- You may join the 平特五不中 Retiree Association (MURA), which will help you remain connected to a community of 平特五不中 retirees.听All retired 平特五不中 academics and librarians are invited to join MAUT-Retirees who offer, among other activities, scholarly lectures and academic events.
Programs and services for retirees with post-retirement benefits
As a retired employee, you still have access to certain services and programs at 平特五不中.听 For example:
- You get to keep your ID card, which gives you continued access to 平特五不中 libraries and other facilities on campus.听
- You benefit聽by paying the staff rate when signing聽up for a membership聽in the .听
- You have unlimited access to your email account (first.last [at] mcgill.ca) and to personal and employee menus in Minerva.听 For more information, please refer to:聽
