Note that these rules apply to regular members of staff. Nonetheless, the Human
Resource Management Division is required to keep track of the expected retirement
date of temporary members of staff (who would not normally be employed after that date).
- The normal retiring age for permanent employees is sixty (60) years. The retirement age of sixty (60) for ATS staff must be enforced, as agreed by Finance and General Purposes Committee, Mona, at its meeting held on September 27,1999.
- An employee may be retired before the age of sixty (60) if he/she is found to be suffering from a chronic medical condition, or is permanently disabled and, as a result, is unable to fully or properly discharge the tasks, duties and responsibilities of his/her job, or comply with the terms and conditions of his/her employment.
Example
Ms. Margaret Joy’s birthday is January 14, 1945 and she reaches 60 on January 14, 2005, her last working day would be January 14, 2005.
Pension
Members of staff who were employed and contributing to the pension scheme prior to August 1, 2002, can request a lump sum payment of their employee and employer’s portion or purchase a pension with the proceeds from his or her Superannuation.
Members who joined the scheme on or after August 1, 2002 may only purchase a pension with the proceeds from their superannuation.
Health
The University covers the full cost of health insurance for retirees who are in receipt of a pension from the University.
Temporary employment beyond retiring age may be granted up to the age of sixty-five (65). In very exceptional cases, the University may consider temporary employment beyond the age of sixty-five (65), but not beyond seventy (70) years. Retirees may only be retained where the post has been advertised and a suitable replacement is not found.
If a suitable replacement is not found and the retired staff member is to be re-engaged, there must be a break in service for a minimum of two (2) weeks. The retiree will be issued a special Contract for services by the Human Resource Management Division with terms negotiated between the retired staff member and the University. These terms will include an all-inclusive sum, which will not necessarily be the same as those for a regular staff member. Under this contract, the retiree will be engaged to provide specific services to the University under specific terms of reference. This contract should be of a fixed period not exceeding one (1) year and will include an end of contract gratuity of 10% of the contract sum.
- The granting of such request for re-employment is at the discretion of the University.
- The Finance and General Purposes Committee, Mona, established the following criteria to be applied strictly beyond sixty-five (65) years, but leniently between 60-65 years.
- The employee must have rendered outstanding service in a particular field and should have demonstrated a proper work attitude. This should be clearly stated in a special evaluation of the employee by the Head of Department and should be supported by a summarised research into the employee’s record by the Human Resource Management Division.
- The employee must be in a state of physical/mental fitness, evidence of which should be corroborated by the employee’s medical history as recorded in his/her file.
- The Head of Department must be able to indicate that the work of the Department would be adversely affected if the knowledge, skills and experience of the employee were not retained.
- Normal Increments
If an employee is granted extension of appointment on a yearly basis the Head of Department should make a recommendation for the granting of any annual increment. - Long Service Award
An employee’s temporary service beyond retirement will be regarded for the purposes of determining eligibility for Long Service Award. - Educational Facilities
A retiree who is appointed on a temporary contract beyond the retiring age, along with his/her wife/ husband and/or children, who has been accepted for entry to the University are exempt from paying tuition and examination fees. - Provisions in the event
of Death
The University will pay to the widow or widower, or if there are orphan dependent children, to a trustee for their benefit, a special grant of an amount equivalent to one year’s salary at the rate at which a deceased employee on temporary contract beyond retiring age was paid as at 1st August preceding death.
- Retirees do not qualify for seniority allowance
- Retirees are not allowed to accumulate leave.
The retirement age and date for persons in the ASAP staff categories are dependent upon the effective dates of the staff members’ appointments and their birthday.
Persons employed prior to June 1, 1983 have the option to retire at 60 or 65, but must indicate their choice by their 58th birthday. Their retirement date is September 30.
Example
Mary Thomas was employed on January 1, 1972 and at age 58 opts to retire at age 60. Her birthday is May 30, 1945; therefore she would retire on September 30, in the same year that she attains the age of 60.
| Company Retirement Age: | 65 |
Date Opted: |
2003/02/26 |
| Retirement Option Age: | 60 | Expected Retirement Date: | 2005/09/30 |
If Ms Thomas’ birthday was October 2, 1945, she would retire in the year following that in which she attains the age of 60:
| Company Retirement Age: | 65 |
Date Opted: |
2003/04/02 |
| Retirement Option Age: | 60 | Expected Retirement Date: | 2006/09/30 |
Members of staff who could have retired at age 60, notwithstanding an earlier declaration of intent to retire at 65, may be allowed to retire at any time after the age of 60, after giving the prescribed notice, i.e. one complete teaching semester for teaching staff and six months for non-teaching staff.
Persons employed between June 1, 1983 and August 31, 1993, retire at age 65; there is no option available to them to retire at age 60. Their retirement date is September 30.
Example
Mark
Wall was employed on July 1, 1984. His birthday is May 20, 1958 and his retirement
age is 65. He will retire on September 30 in the year he attains 65.
| Company Retirement Age: | 65 |
Date Opted: |
N/A |
| Retirement Option Age: | N/A | Expected Retirement Date: | 2006/09/30 |
If Mr. Wall’s birthday were October 1, 1945, he would retire on September 30 of the year following that in which he attained 65.
| Company Retirement Age: | 65 |
Date Opted: |
N/A |
| Retirement Option Age: | N/A | Expected Retirement Date: | 2024/09/30 |
Persons employed between September 1, 1993 and July 31, 1998, retire at age 65; their retirement date is August 31.
Example
Mr. John Jiggerfoot was employed on January 1, 1997, and will retire at age 65. His birthday is August 31, 1960. His last working day will be the date on which he attains 65 years of age.| Company Retirement Age: | 60 |
Date Opted: |
N/A |
| Retirement Option Age: | N/A | Expected Retirement Date: | 2025/08/31 |
If Mr. Jiggerfoot’s birthday were September 1, 1960, he would retire on August 31 of the following year:
| Company Retirement Age: | 60 |
Date Opted: |
N/A |
| Retirement Option Age: | N/A | Expected Retirement Date: | 2026/08/31 |
D. Persons employed on or post- August 1, 1998
Persons employed who were employed on or post-August 1, 1998, retire at age 65, their retirement date is July 31.
Example
Mrs. Janet Jameson was employed on June 1, 2000 and will retire at age 65. Her birthday is February 20, 1970. Therefore her retirement date is July 31 of the year in which she attains 65.| Company Retirement Age: | 65 |
Date Opted: |
N/A |
| Retirement Option Age: | N/A | Expected Retirement Date: | 2035/07/31 |
If Mrs. Jameson’s birthday were August 1, 1970, she would retire on July 31 of the following year.
| Company Retirement Age: | 65 |
Date Opted: |
N/A |
| Retirement Option Age: | N/A | Expected Retirement Date: | 2036/07/31 |
Pension
At retirement, members of staff are paid the accumulated value of their Federation Superannuation Scheme for Universities (FSSU) funds. If the member of staff is tenured and has served for more than ten (10) years continuously with the University, an assessment is done and, if necessary, a supplementary pension is provided.
Housing
Retired members of staff who were housed in University housing immediately prior to the effective date of their retirement, are allowed to remain in University accommodation for up to three months after retirement, however, they would be required to pay a monthly rental at the appropriate commercial rate.
Book Grant
Staff members going on retirement may use, within one (1) year of their retirement, the balance of the Grant credited to their account at the date of retirement.
Health
The University covers the full cost of health insurance for retirees who are in receipt of a pension from the University.
Temporary post-retirement employment is at the discretion of the University. Post-retirement employment up to age 70 might be entertained, at the instigation of the University, provided that the staff member can demonstrate that he/she is in satisfactory health.
Appointments are normally made at one grade level below that at which the member of staff had retired.
Early retirement is considered on a case-by-case basis, where the staff member’s inability to continue to honour his/her contract is satisfactorily demonstrated. Members of staff who wish to proceed on early retirement are required to give six months' notice of their wish to do so if their current contract establishes a date for retirement other than the date on which they wish to retire, except in extenuating personal circumstances such as ill-health.