Pension and benefits information for retirees is well documented in the University’s benefits guide (PDF). But there’s a lot else about retiring that isn’t captured in Human Resources’ documentation. We’ve tried to cover as much as we can here.

What you need to know

  • You might be able to reduce your workload by up to 50% in the lead-up to retirement, provided you set a firm date. Your pension might still be based on your full salary.

  • You can exchange one week of vacation (PDF) for an increase in salary (a 2% increase if you give three years’ notice; proportionately less with less notice). In addition to the extra cash now, this generally produces an increase in your annual pension payments.

  • You get your full professional expense amount (FPER) for the fiscal year in which you retire, even if you are only working for part of it. Remember: You can use this for expenses carried forward from previous years.

  • You are automatically granted the title of professor emeritus/emerita (PDF) if you’ve worked here for 15 years (lecturers included).

Where to find more information

Faculty Pension and Benefits Committee representatives

  • Ken Vetzal (School of Accounting and Finance –P&B Liaison to the FAUW Board)
  • Ranjini Jha (School of Accounting and Finance)
  • David Saunders (Statistics and Actuarial Science)

myPENSIONinfo

Visit the myPENSIONinfo site to:

  • Project your pension at various dates, with or without salary increases and changes in work hours.
  • See your pension accrual as of the end of the previous year.
  • Review your personal, spouse and beneficiary information.

Plant a tree

In lieu of a retirement gift from your department, you could consider beautifying the UW campus through a gift of a tree, landscape rock, or bench. Waterloo Advancement can supply a list of types of trees that are native to Ontario and are suitable for our climate. You may wish to give your department a couple of months’ notice, as trees take time to order and plant.