Resignation and Retirement Dates of Academic-Year Faculty

Academic-year (nine-month) faculty members who plan to retire or resign following the end of the academic year and who will be on summer leave must choose a resignation/retirement date between May 16 and August 2. Those who plan to retire or resign following the fall semester must choose a resignation/retirement date no later than December 31. Similarly, academic-year faculty members who enter into phased retirement agreements must choose a summer retirement date between May 16 and August 2 or a fall retirement date no later than December 31. Paid summer appointments for retiring or resigning faculty may extend through August 17.

The date of separation from the university by resignation or retirement must precede the start date of any employment at another institution, agency, or in the private sector.

Please note that state health insurance coverages will end the last day of the month in which retirement or resignation occurs (except if the retirement or resignation date is the first day of the month, health coverage will end on that date).

In accordance with Board of Regents Policy (II.C.14.a.iii) there is no mandatory retirement age for faculty and staff. To be eligible for certain statutory retirement benefits such as payment for unused sick leave, faculty and unclassified academic and professional staff may not retire prior to their fifty-fifth birthday, and those who seek to retire from age 55 to 59 must have ten years of service in a benefits-eligible position at a Regents institution or with the Board of Regents staff in order to be eligible for such benefits. Faculty and unclassified academic and professional staff who retire from benefits-eligible positions at age 60 or thereafter are not required to meet the 10-year service obligation.