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Regular Retirement - Faculty and Staff

A regular retiree of the University is an employee who has worked continuously in a full-time capacity for 10 or more years and who voluntarily leaves the University in good standing. In addition, the employee's age, plus years of service when full-time employment ceases, must be at least 75.

Regular Retirement Notice Requirement
Age + Years of Service (minimum 10 years of full-time service) = 75 and up A notification of Retirement must be sent to supervisor and Human Resources at least 2 weeks prior to retirement date. Advance notice is recommended.

Early Retirement

The University of Richmond has established early retirement plans for tenured faculty, staff, and continuing faculty as an opportunity for certain eligible employees to elect to relinquish their positions in exchange for certain benefits from the University.

For more details, please see the Early Retirement Plan for Staff and Early Retirement Plan for Faculty, as well as the Early Retirement Election Form for Staff and Early Retirement Election Form for Faculty.

Early Retirement Notice Requirement
60 years old - 20 years of service Submit the Early Retirement Election Form to HR at least 60 days prior to retirement date
61 years old - 19 years of service Submit the Early Retirement Election Form to HR at least 60 days prior to retirement date
62 years old - 18 years of service Submit the Early Retirement Election Form to HR at least 60 days prior to retirement date
63 years old - 17 years of service Submit the Early Retirement Election Form to HR at least 60 days prior to retirement date
64 years old - 16 years of service Submit the Early Retirement Election Form to HR at least 60 days prior to retirement date

Regular & Early Retiree Benefits

Faculty and staff may continue to receive certain benefits associated with active employment status such as:

  • Tuition remission benefits available to full-time faculty and staff
  • For staff, the ability to have a University of Richmond e-mail address forwarded to an outside e-mail provider (such as Yahoo! or Gmail)
  • For faculty, continued access to and use of their University e-mail and network account
  • Access to University libraries and facilities
    • Note: Staff are not able to access services remotely
  • Parking sticker
  • Employee discounts
  • Invitations to University events

Just because an employee meets the definition of retiree, they are not necessarily eligible to continue health insurance benefits. Some retirees may have additional benefits because they participate in programs, such as early retirement, or were hired prior to certain dates that determine eligibility.

The University retains sole discretion in determining the benefits made available under this section. Use of any of these benefits by the retiree is subject to the rules and regulations which govern the administration of the benefit.

For more information and a checklist with helpful tips, see the Retiree Checklist. To request regular retirement, please fill out the Regular Retirement Request Form and e-mail it to URHR@richmond.edu, copying your supervisor.

Medical Benefit

For detailed information regarding retiree medical benefits, see Retired Insurance Coverage.