Ready to Retire

Requesting Retirement

  1. Download and follow the steps on the retiree checklist:
  2. To request retirement, please complete the applicable located in the red boxes on this page. (Alternatively, they can be located on our Forms page.)

Types of Retirement

  • 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 Complete the regular retirement form on this page at least two weeks prior to retirement.

  • Early Retirement

The University of Richmond has established early retirement plans for staff, tenured faculty, 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, including notice requirements, please see the Early Retirement Plan Policy for Staff and Early Retirement Plan Policy for Faculty. 

Staff Early Retirement Staff 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

 

  • Faculty Phased Retirement

The University of Richmond Faculty Phased Retirement Program (FPRP) provides eligible, tenured faculty members with an option to retire at or before the age of 75 following a two or three-year transition period, as described in the policy. The FPRP is intended to provide eligible, tenured faculty members who are approved for the FPRP with an opportunity for a gradual transition from full-time teaching to full retirement. The FPRP provides an alternative to the University of Richmond Early Retirement Plan for Tenured Faculty (Early Retirement Plan).