Wayne State University

Aim Higher

Policies-12

3.3.11 Retirement

Policy update is currently in process.  For additional information regarding university retirement, please click on this link.

DESCRIPTION

Employees who qualify for retirement are eligible for the following benefits:

  1. $2,500 university paid group life insurance (except employees represented by the Hotel Employees and Restaurant Employees International Union, Local 24).

  2. Continuation in group medical plan at employee's expense.

  3. Payoff of sick bank, if applicable.

  4. Free university parking.

  5. Subscription Campus News.

  6. ID card for university theater discounts and WSU library access.

Please refer to appropriate contracts or the Personnel Manual for Non-represented Employees,which contain age and years of service required, as well as vacation payoff eligibility.

 

DEFINITION(S)

Retirement

Severance of university service after attainment of a prescribed age and completion of a prescribed period of employment.

POLICY

Eligibility for represented employees is determined by union agreement. For tenured faculty, the mandatory retirement age is the July 1st following the 70th birthday. For all others, there is no mandatory retirement based on age. If an employee is eligible for any payoff of sick and/or vacation bank, the Employing Unit may use non recurring salary for such payoff.

PROCEDURES

Responsibility

Action

Employee

  1. Submit request to retire to Supervisor with copies to the Dean and Benefits Administration.

Benefits Administration

  1. Determine eligibility for retirement benefits.

  2. Prepare retirement notification memo.

  3. Distribute to:

    1. Payroll.

    2. Personnel.

    3. Campus News.

    4. Cashier.

    5. Employing Unit.

Employing Unit

  1. Initiate Personnel Assignment (PASS), 10-787.

  2. Send to Dean/Director.

  3. Prepare First/Last Day Notice, 10-618, and send to Payroll.

Dean/Director

  1. Review and sign PASS to indicate approval.

  2. Send to Human Resources.

Human Resources

  1. Enter separation data into HRS.

  2. Send copies of PASS to Payroll and Benefits Administration.

  3. Distribute copies of PASS.

  4. Send Notice of Personnel Action (NPA), 10-786, to employee.