Human Resource Management - Retirement
| Policy / Procedure No:
||Human Resource Management
||HR/Payroll Action Form
PURPOSE: To define the termination process for retirement.
- 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 processes the retirement, gives the retiree a Benefits Synopsis, and sends information to Conference and Events Planning, Development, Parking and the Husky Card Offices for additional entitled services.