When Can You Retire ?

When Can You Retire With Pension / Lump Sum ?

For Staff Employed Prior to 1/4/2004

From minimum retirement age of 60 up to maximum retirement age of 65.

Application Form for retirement – RET.D1 (teacher version) – GRETB – Application for Retirement Pension Lump Sum – Teacher – Form 1 RET.D1

Application Form for retirement – RET.D1 (non-academic staff version) – GRETB-Application-for-Retirement-Pension-Lump-Sum-All Staff other than Teacher -Form 1 RET.D1

For New Entrants (Staff Employed after 1/4/2004)

From minimum retirement age of 65 with no maximum retirement age. Further information on new entrants is contained in Circular Letter No. 03/2004.

Application Form for retirement – RET.D1 (teacher version) GRETB – Application for Retirement Pension Lump Sum – Teacher  – Form 1 RET.D1

Application Form for retirement – RET.D1 (non- academic staff version) GRETB-Application-for-Retirement-Pension-Lump-Sum All Staff other than Teacher -Form 1 RET.D1

Cost Neutral Early Retirement

From Ages 50 up to age 60 (for staff employed prior to 1/4/2004; and from ages 55 up to age 65 for new entrants (staff employed after 1/4/2004). Pension and Lump Sum will be reduced by an actuarial percentage because your pension will be paid earlier and for longer. For full details – see Circular Letter PEN 05/2005.

Application Form for retirement – Form Ret CNER 1(teacher version) GRETB Application for Cost Neutral Early Retirement Teacher  CNER1

Application Form for retirement – Form Ret CNER 1 (non-academic staff version)  GRETB Application for Cost Neutral Early Retirement All Staff other than Teacher NER1

Permanent Infirmity (Disability Pension)

No age limit, minimum service required. Added years may be payable. Application Form for retirement – RET.IH1

GRETB TMED 1 Form Teacher 

TMed1 Form (non-academic staff version) –

GRETB TMED 1 Form All Staff other than Teacher 

Teachers Voluntary Early Retirement at age 55 (or later) with 35 years’  Service

(also known as 55/35 rule) – this is specific to relevant teachers only and, unlike the Cost Neutral Early Retirement, does not incur actuarial reduction.

Application Form for retirement – GRETB – Application for Retirement Pension Lump Sum – Teacher  – Form 1 RET.D1

 

 

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