Early Enhanced Retirement
The enhanced early retirement program is intended to provide an opportunity for Simon Fraser University Faculty Association bargaining unit members to retire early, contingent upon approval by the University.
All SFUFA bargaining unit members 55 years of age or older may apply to the Chair or Dean for enhanced early retirement.
The early retirement enhancement for Members retiring under this provision at least five years prior to normal retirement date will be a minimum of 14 months’ salary. This enhancement will be prorated to reflect the actual time of retirement prior to normal retirement date (including any parts of years.)
Bargaining unit members considering early retirement should discuss Pension Plan retirement income options and other benefit plans with the Pension Plan administrator.
Eligible bargaining unit members are urged to seek independent tax, financial or related advice in order that the consequences of the retirement decision are adequately assessed.
Contact
Karim Dossa
Academic Policy, Project Analyst
frappa@sfu.ca
(778) 782-5681