7. Separation

7.1 Retirement

There is no mandatory retirement age. Any employee may elect to retire at any time subject to applicable regulations and rates of retirement pay established by the retirement system.

To be eligible for Michigan Tech's retiree health care, employees must be at least 60 years of age and their years of service and age must be equal to or greater than 80.

For detailed information regarding retirement plans, see Section 6.3, "Retirement/Retirement Programs."


Revised:
12/08/2016 - Annual Review: No changes made to content.
02/03/2015 - Annual Review: To reflect current practice, the email address for questions is now policy@mtu.edu. No changes made to content.
02/21/2014 - Annual Review: Updated Michigan Tech and Handbook banners, no changes made to content.
06/22/2011 - Annual Review: Added paragraph regarding age and years of service requirement and to reflect current University titles and practice, the email address for questions is now hbwebmaster.
10/20/2010 - Format changes.