Effective from 1 October 2011, there is no compulsory retirement age at UCL. Staff may voluntarily retire at a time of their choice, subject to providing appropriate notice. Many staff may continue to retire at their pension age (currently 65 years) because this is when they can access their full pension benefits although they have the choice to work beyond this age. Staff may be able to flexibly retire or retire before 65 years (normally accessing reduced pension benefits) depending on their pension scheme rules.
Staff are encouraged to discuss their retirement plans as early as possible with their manager to aid future planning. Such discussions can take place informally at any stage although they may be conducted more routinely during annual appraisals or reviews when managers and staff jointly plan for the future.
Where staff decide to retire, they should inform their manager and the Pensions Department in writing as far in advance as possible and at least 3 months prior to retirement to enable suitable arrangements to be made with the appropriate pension scheme. Additionally staff with teaching or other responsibilities for students should note that they are required to give notice such that they leave at the end of a term.
Retirement planning and financial education events are available to help staff plan for their future and retirement. Information on pension schemes is available on the Pensions website.
Staff who retire from UCL can also apply for a UCL alumni card which will give access to UCL libraries and a range of discounts on useful services. Please contact firstname.lastname@example.org or call 020 3108 3833.