Preparing for Retirement
Staff considering retirement can obtain pension estimates from the ‘mypensionplan’ secure area of the PSPP website. A formal pension estimate can also be requested from Alberta Pension Services, the PSPP administrator. For more information, review Frequently Asked Questions at pspp.ca.
Staff members are eligible to retire with an immediate pension from the Public Service Pension Plan if they are over 55 and have accumulated two or more years of pensionable service. Written notification must be provided to the supervisor approximately four (4) months prior to the chosen retirement date.
When planning for retirement, a retirement date should not be artificially extended through the use of vacation or CTO time. The last day an employee actually works is the most appropriate end date for employment.
Approximately four (4) months before the retirement date, a university Benefits and Pension Analyst will provide a retirement application form and further details on the retirement process.