Retirement

UVic retirement information

Effective January 1, 2008 the provincial government implemented changes to the BC Human Rights Code with the effect that mandatory retirement policies are now considered age discrimination under the code.

The effect of this change has been to eliminate 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

Faculty members are encouraged to contact the office of the Vice-President Academic & Provost to explore retirement options.

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
  • Medical Services Plan
  • Optional group life insurance
  • Pension plan
  • Sick leave

The benefits listed above will be provided until the earlier of when you retire, or, when you receive University pension benefits, either voluntarily or as required by law (currently under the Income Tax Act, an employee must begin taking their pension at the end of the year in which they turn 71).

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