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Supporting you in retirement

    If you are leaving your employment to take your pension you will be deemed to be retiring.  You may choose to retire in accordance with the rules of your pension scheme, or the University may request you to retire in accordance with University policy.

    You are encouraged to discuss your plans to retire with your manager as early as possible. You must then write to the department, providing the appropriate period of notice (as specified in your contract) of your intention to retire.  

    Note: while staff in grades 1-5 are only required to provide one month’s notice the Pensions Office requires three months’ notice to ensure benefits are paid at the stated date of retirement.

    Flexible Retirement

    Flexible retirement is a scheme that allows employees, with University approval, to achieve a mix of retirement and work. The employee reduces their work and gives up part of their salary in exchange for part payment of their pension benefits.  It is available to members of University Support Staff (USS) and the Oxford Staff Pension Scheme (OSPS) defined benefit section. 

    EJRA

    The University operates an Employer Justified Retirement Age (EJRA) for all staff at grade 8 and above.  The EJRA is set for the 30 September preceding an individual’s 69th birthday. Detailed information on retirement, guidance for different groups of staff, and the available options are available at https://hr.admin.ox.ac.uk/retirement.

    Pensions

    The University’s Pensions Office administers the pension schemes operated by the University for its employees:

    • University of Oxford Staff Pension Scheme (OSPS) is the automatic scheme for members of staff in grades 01S – 05S.  
    • Universities Superannuation Scheme (USS) is the automatic scheme for employees who are on academic or academic-related pay scales (grade 6 or above).
    • National Employment Savings Trust (NEST) is a national scheme offered by the University to non-employees who have a contract to work for, or provide services to, the University (eg casual workers and casual teachers) and who are not undertaking the work as part of their own business.

     

    Please contact us with feedback and comments about this page. Last updated on 05 Sep 2022 18:05.