Policy Statement

In order to be recognized as a retiree of Marywood University, an individual must meet the following conditions at the time of voluntary termination of employment:

Serve as full-time administrator, faculty or staff member;

have at least five consecutive years of full-time service;

provide notice in accord with the Employment At-will Relationship with Administrators and Staff Employees Policy;

attain at least 62 years of age; and

not be employed by any other employer in a full-time capacity.

Retirees may convert their group term life insurance to an individual policy.

Those who retire from administrative or staff positions will receive pay at current salary for the number of days over 100 in their current sick days, short-term disability bank, or excess account up to a maximum of 50 days.

In recognition of their years of service, retirees are provided tickets to attend University-sponsored activities, entitled to library privileges, and entitled to 100% tuition reduction.  In addition, retirees with more than ten years of service receive lifetime membership in the Recreation Association. 

Procedures

Employees who wish to retire must provide written notice to their immediate supervisor as noted above. 

In order to ensure a smooth transition to retirement, employees should contact the Associate Vice President for Human Resources at least two months in advance of retirement to discuss major benefit decisions.

In order to provide a smooth transition to retirement, an exit interview should be scheduled with the Associate Vice President for Human Resources as soon as possible.

Related Policies



Approved prior to 1991, 2000, 2006, 2017
Review the full history in the Policy and Proceedures site