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    Senior Status Process

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    bisr590
    Faculty members who wish to have Senior Scholar status upon retirement must notify the Dean and indicate their election on one of two documents submitted to Faculty Relations depending on whether they plan to retire early or at normal retirement age. The documents collect information about the faculty member such as contact details, retirement allowance amounts, and banking information for payments. They also include a section for the faculty member to check if they wish to elect Senior Scholar status and provide the effective date.

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    Senior Status Process

    Uploaded by

    bisr590
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    Faculty members who wish to have Senior Scholar status upon retirement must notify the Dean and indicate their election on one of two documents submitted to Faculty Relations depending on whether they plan to retire early or at normal retirement age. The documents collect information about the faculty member such as contact details, retirement allowance amounts, and banking information for payments. They also include a section for the faculty member to check if they wish to elect Senior Scholar status and provide the effective date.

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    Senior Scholar Form

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    Faculty members who wish to have Senior Scholar status upon retirement must notify the Dean and indicate their election on one of two documents submitted to Faculty Relations depending on whether they plan to retire early or at normal retirement age. The documents collect information about the faculty member such as contact details, retirement allowance amounts, and banking information for payments. They also include a section for the faculty member to check if they wish to elect Senior Scholar status and provide the effective date.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    16 views3 pages

    Senior Status Process

    Uploaded by

    bisr590
    Faculty members who wish to have Senior Scholar status upon retirement must notify the Dean and indicate their election on one of two documents submitted to Faculty Relations depending on whether they plan to retire early or at normal retirement age. The documents collect information about the faculty member such as contact details, retirement allowance amounts, and banking information for payments. They also include a section for the faculty member to check if they wish to elect Senior Scholar status and provide the effective date.

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    Process for Senior Scholar Status

    In addition to notifying the Dean of their election to have Senior Scholar status, faculty members
    are asked to indicate such election in the appropriate space in one of the two following
    documents to be submitted to Faculty Relations (one for faculty members planning on early
    retirement and the other for faculty members planning to retire on their normal retirement date or
    later).

    Normal Retirement
    NORMAL RETIREMENT INFORMATION (YUFA)
    PLEASE COMPLETE AND RETURN TO: FACULTY RELATIONS

    EMPLOYEE #: ______________ NAME: _____________________________


    CAMPUS ADDRESS: _____________________________________________
    _____________________________________________
    CAMPUS TEL. NO:
    HOME ADDRESS:

    _______________
    _______________________________________________
    _______________________________________________
    _______________________________________________

    HOME TEL. NO:

    _______________

    PLEASE INDICATE IF YOU WOULD LIKE TO ELECT SENIOR SCHOLAR STATUS.

    YES

    NO

    EFFECTIVE DATE: _______________

    _______________________________
    Signature of Retiree

    Early Retirement
    EARLY RETIREMENT INFORMATION (YUFA)
    PLEASE COMPLETE AND RETURN TO: FACULTY RELATIONS

    EMPLOYEE #: _________________ NAME: _____________________________


    CAMPUS ADDRESS: _______________________________________________
    HOME ADDRESS: __________________________________________________
    CAMPUS TEL. NO: __________________ HOME TEL. NO: _________________
    TOTAL RETIRING ALLOWANCE: ______________________________________

    R.R.S.P. Information:
    Subject to Canada Revenue Agency (CRA) regulations some or all your retiring allowance can be
    deposited into an R.R.S.P account in a financial institution. If it is your wish to pursue this option, please
    provide the following information:
    DEPOSIT DATE: ______________

    AMOUNT: _______________________

    BANK INSTITUTION: _______________________________________________


    BANK ADDRESS: __________________________________________________
    RRSP ACCOUNT #: ________________________________________________
    The remaining portion of the retiring allowance that is not deposited into an RRSP account will be paid
    out to you via direct deposit into your current payroll deposit account on the 25 th of the month. The
    schedule of payment will be at your discretion but limited to two (2) annual installments. In the space
    below please indicate your preferred payment schedule:

    BALANCE OF PAYMENTS SCHEDULE


    DATE:
    ___________________________

    AMOUNT:
    _______________________________

    ___________________________

    _______________________________

    If there is any change in your banking arrangements, please notify our office immediately.

    PLEASE INDICATE IF YOU WOULD LIKE TO ELECT SENIOR SCHOLAR STATUS.


    YES

    NO

    EFFECTIVE DATE: _______________


    _______________________________
    Signature of Retiree

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