Written Confirmation to the Chair and Dean
Members should normally give at least 12 months written notice of retirement to the Chair; 18 months’ notice is preferred. This notice period may be reduced by mutual agreement. A Member must submit their notice to retire in writing to the Chair of the Department with a copy to the Dean. The notice of retirement must clearly state the effective date of retirement.
Preparing for Retirement
Retirement Financial Planning Session - Free of Charge
For any faculty and staff who are considering retirement, SunLife provides a maximum of 3 hours of financial advice free of charge.
If you are interested in setting up an appointment with a financial advisor, please contact Debbie Wilson (2-3580) or Allyson Dallas (2-3451) in Pensions & Benefits. Please note, SFU does not endorse the products sold by SunLife. We only facilitate a contact with the financial advisors who provide this service for SFU employees.
Financial Counselling for Retirement - Using PDR Funds
This is a non-recurring service for employees who are clearly at or near retirement (i.e. within 15 years of the individual's normal retirement date) where the primary emphasis is on retirement issues, but does not include advice relating to the purchase of specific investments or the promotion of a particular investment strategy.
A maximum of three hours or $750 (whichever is less) of Financial Counselling for Retirement will be an allowable Professional Development Reimbursement expense provided the provider of the service has one of these specified designations: Actuary, Chartered Professional Accountant (CPA). Lawyer, Certified Financial Planner (CFP), Registered Financial Planner (RFP)
Elimination of Mandatory Retirement:
Collective Agreement Articles:
Article 49: Retirement
Article 27: Research Faculty Workload (27.18)
Balance in TTR prior to retirement
Article 43: Economic Benefits (43.53, 43.57-58, 43.62)
Resignation and PDR
Article 43: Economic Benefits (43.64) Gym Membership
Article 50: Release of Equipment