Gradual Retirement and Reduced Appointments
As you think about your retirement, you may wish to consider work reduction or reduced appointment options. The various options are outlined by UBC Human Resources, on the Faculty Retirement page.
An appointment can be made with Faculty Relations to discuss the various options, including any effects on salary or benefits.
UBC-Vancouver: ubcfrel-g-admin@mail.ubc.ca
UBC-Okanagan: trisha.kasawski@ubc.ca
Working After Retirement
After you retire, you may wish to continue with some aspect of academic or scholarly activity. UBC Human Resources outlines options for those on a tenure stream of a) hiring into a regular faculty position, and b) applying for a salaried or non-salaried UBC Post-Retirement Appointments (PRA). See the Emeritus Status and Post-Retirement Appointments page which also includes information on the associated insurance coverage. Retired faculty members who are not “new hires” and plan to engage in work that is seen to benefit UBC, such as teaching, research, and other types of professional work are expected to secure a PRA. If any of the options are of interest, you should discuss them with your Unit Head.
Working Past Age 65 at UBC and Benefits Coverage
Your normal retirement date is June 30 or December 31 following (or on) the date you turn 65. Faculty who work beyond their normal retirement date should be aware that their UBC benefits coverage will change, to a lesser or to a greater extent. A determining factor of extent is whether or not they opt to defer or receive payments from the UBC Faculty Pension Plan. For example, if you work past age 65 and decide to begin payments from your UBC pension, these benefits will cease: Extended Health, Dental Care, Employee and Family Assistance Program, Basic Life Insurance and Employee and Spouse Optional Life/Accidental Death and Dismemberment and Income Replacement Plan coverage.
If you work past the date you turn 71, you must access your UBC pension (as per the Canada Income Tax Act) and you are no longer eligible for the UBC benefits outlined in the previous paragraph. Note that you will continue to be eligible for vacation, leaves, and professional & personal development benefits.
Details of how your benefits will be affected are outlined by UBC Human Resources, on the Working Past Age 65 page.
UBC Human Resources will send you an email letter one year before your normal retirement date, and a second email letter is sent one year before the end of the calendar year in which you turn age 71. If you have any questions about your letter, or have do not receive one, please contact a member of the Benefits Team at benefitsinfo@hr.ubc.ca or (604) 822-8111.
When your UBC benefits end, there are various options to consider for health and life insurance, including self-insuring. Refer to Health, Travel and Life Insurance in the next section.