UVic retirement information
Changes to the BC Human Rights Code in 2008 eliminated mandatory retirement. This means that you are no longer required to retire from the university at age 65 (normal retirement date).
If you want to retire
Retiree Benefits Information Packages
- Faculty and Librarians Retirement Info Package
- PEA and Management Excluded Retiree Info package
- CUPE Retirement Info Package
- Continuing Sessional Lecturer Retirement Info Package
- Voluntary Benefit Plan for UVic Retirees
Retirement Checklists
- Retirement checklist for Faculty, PEA and Management Excluded employees
- CUPE and Exempt Support Retirement Checklist
Faculty members are encouraged to contact the office of the Vice-President Academic & Provost to explore retirement options.
Early retirement
-
UVic group benefits coverage ceases at the end of the month in which you retire.
Normal retirement
- UVic group benefits coverage ceases at the end of the month in which you retire.
Deferred retirement
If you are enrolled in the following benefits, they will continue unchanged if you choose to work past your normal retirement date:
- Extended health plan
- Dental plan
- Optional group life insurance
- Pension plan
- Sick leave
The following benefits will change once an employee reaches age 65:
- Basic group life insurance will be reduced from 1.5 x earnings to 1.0 x earnings.
- Long term disability eligibility and coverage will cease.
Learn more about deferred retirement
Resources
- Refer to your benefits handbook and collective agreement for related information.
- Contact pension services office for account information and statements.
- Staff pension plan
- Combination pension plan
- Money purchase pension plan
- Planning ahead - financial education and retirement seminars
Related sources
- Canadian Association of Retired Persons (CARP)
- Canada Pension Plan retirement pension (CPP)
- Old Age Security pension (OAS)
- UVic Retirees Association (UVRA)