Procedure

Subject Area:	Benefits
Policy Title:	Retirement
Policy / Procedure No:	HRM053
Responsible Office:	Human Resource Management
Additional Information:	HR/Payroll Action Form

PURPOSE: To define the termination process for retirement.

PROCEDURE:

• Retiring employee contacts the Senior Benefits Administrator in the Human Resources Department to schedule a meeting to discuss options under the Retirement Plan and retiree benefits.

• After the employee has contacted Benefits and has finalized plans to retire, he/she provides his/her department with a letter stating the retirement date. The Department sends a copy of this letter to HRM Benefits.

• The Department processes the HR Action Form documenting unused, accrued vacation and -- if eligible -- payment for accrued sick time.

• HRM, Benefits process the retirement, give the retiree a Benefits Synopsis, and sends information to the appropriate university offices for additional entitled services.