Retirement Planning
Thinking about retirement? Here's what you'll need to know.
If you are approaching retirement, we provide specialized transition assistance to help you prepare for this significant life change. Our goal is to ensure that you feel confident and prepared for a smooth transition into retirement, with a focus on both your financial security and your overall wellbeing. Contact our Benefits Team in Human Resources to schedule a time to speak with a Benefits Advisor. They will provide a customized consultation to help you determine options available.
Take a minute to bookmark the Retiree Resources page (also located on our main menu)—this will be your go-to spot for updates and opportunities to stay in touch with your UVM network post-retirement.
Faculty Conducting Research
If you are a faculty member conducting research at the university, you are required to tell the UVM Research Protections Office of your plans to retire. If you are interested in continuing your research post retirement, please complete the Request to Continue Research (PDF).
Countdown to Retirement
120 Days Out
Employee Confirms Eligibility for Retiree Medical and other benefits at least 120 days prior to intended retirement date. Contact Human Resources to schedule a counseling session with a Benefits Advisor to review and confirm benefits eligibility. To set up an appointment, call 802-656-3150 or email HRInfo@uvm.edu.
90 Days Out
Employee Gives Notice to Supervisor in writing at least 90 days prior to chosen retirement date. Indicate actual retirement date, requested vacation times, and last day in office. Also provide a copy to Department HR Rep.
60 Days Out
Employee Meets with Benefits Advisor at least 60 days before retirement date for forms completion. Items to confirm include benefit plans available, cost-share in retirement, enrollment in Medicare coverage, and how Medicare coordinates with UVM medical insurance. Complete forms to enroll in retiree benefits as applicable.
Employee Contacts TIAA and/or Fidelity about retirement savings. UVM Retirement Vendors (PDF)
Know your costs: Medical Benefits
Post-Retirement medical benefits information and cost share
Your benefits advisor will go over your Post-Retirement medical benefits and cost shares when you meet about your plans for retirement. For your reference this information can be found in the resources below.
- Non-union faculty and staff post-retirement medical benefits (PDF)
- Faculty and Staff who belong to a union can find their post-retirement medical benefits in their collective bargaining agreements, all available on the Employee Handbook & Contracts page.