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For additional information specific to faculty, see COE: Separation and Retirement - Faculty. |
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SeparationResignations should be submitted in writing to the direct supervisor and include an effective date, and the direct supervisor should acknowledge receipt of the resignation in writing. Email is acceptable for both. PDFs of both the resignation and acceptance should be uploaded to the Termination business process in Workday. |
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Retirement Overview
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The CARES (Coronavirus Aid, Relief, and Economic Security) Act provides employees participating in the UT Saver 403(b) Tax Sheltered Annuity (TSA) and the UT Saver 457(b) Deferred Compensation Plan (DCP) with additional loan and distribution options.
- The prospective retiree should carefully review HR: Pre-Retirement Checklist for important information prior to beginning the retirement process.
- Prospective retirees enrolled in TRS should also review TRS: Planning for Retirement and the YouTube video TRS: Steps to Retirement.
- See information specific to faculty retirement at COE: Retirement - Faculty.
Resources
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- AutoPay - UT Direct - Schedule automatic payments of monthly insurance premium directly from a bank account
- HR:
- Payroll:
- TRS (Teacher Retirement System):
- UT System: Your Retirement Programs at a Glance PDF
HR: Retiring from UT Austin
Click on the image below to enlarge.
TRS: Planning for Retirement
Click on the image below to enlarge.
Source: TRS: Planning for Retirement PDF
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Employment after retirement
The rules for returning to work are different for TRS and ORP retirees, as well as retirees from The University of Texas System or other state institutions and agencies. The retiree is responsible for checking with their retirement program provider about any possible ramifications before returning to service. See HR: Employment After Retirement for more information.
TRS Retirees
TRS participants who plan to work in Texas public education after retiring should carefully review all requirements that apply to their situation to ensure that they do not revoke their retirement or lose monthly annuity payments by virtue of working in excess of allowable limits set by TRS. Human Resources strongly encourages TRS retirees to review the TRS Employment After Retirement Brochure (PDF) provided by TRS and to contact TRS directly if considering returning to work.
ORP Retirees
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Please send suggested additions to this page and notifications about broken links to COE-HR@austin
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Frequently Asked Questions
See the askUS knowledge base for other frequently-asked questions.
Workday access
Q. How long does an employee retain access to Workday after termination of employment?
A. See Duration of Worker Access to Workday.
Leave balance payouts
Q. How do I pay out leave balances upon termination of employment?
A. See the Payouts at Termination or Loss of Leave Eligibility W.I.G.
Q. I'm getting an error while trying to pay out a separated employee's vacation balance in Workday.
A. Double-check your time type selection when paying out vacation hours. Instead of choosing the usual a. Vacation time type, be sure to select the x. Payout at Separation - Vacation time type. See step 11 of the Payouts at Termination or Loss of Leave Eligibility W.I.G. for more information.
Q. I'm having other issues processing a leave balance payout.
A. See Common Issues to Avoid When Processing a Payout.
Processing a retirement in Workday
Q: While processing a termination business process in Workday with reason of "retirement," I receive the error "This termination reason is only available for employees pre-approved for retirement."
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