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Retirement Resources

²Ï³Ü±ð±ð²Ô’s  has a comprehensive list of resources to help you understand your retirement options, make informed decisions, and plan for retirement. 

Frequently Asked Questions at VRP Sessions

Below are some of the commonly-asked questions and answers from the information sessions.

Adjunct 1 Appointment

Can I supervise students, access my research funding, apply for grants etc. post-retirement?

• Yes
• An applicant who retires under the VRP is still eligible to be considered for an unpaid Adjunct 1 appointment post-retirement
• Adjunct 1 appointment will allow you to continue to co-supervise graduate students or Post-docs, apply for research grants and access existing research grants
• Information on the process on how to apply can be found below in the After Retirement section
• As an Adjunct 1 you will not receive compensation
• As an Adjunct 1 you can still access your research funds, apply for grants and supervise students
• Exception – you cannot supervise Post-doc students, but are able to co-supervise with another ²Ï³Ü±ð±ð²Ô’s faculty member

Pension

How do I access my pension information – i.e. how much will I receive?

• You can access the Pension Estimate Calculator by visiting myUPP website
• You must create an account and sign-in
• This is a core feature of the UPP service experience, offering members convenient access to their pension information and specifically, the pension estimates calculator and tips on reading an estimate.  
• If you do not have access to the member portal, you can contact UPP directly (1-833-627-7877)
• UPP will expedite your request (aim for 10 days). Just inform them you are considering the ²Ï³Ü±ð±ð²Ô’s VRP program

Retiring Allowance

Is the lump sum payment considered a "retirement allowance"?

• The lump sum payment(s) is a retiring allowance paid at (or following) retirement in recognition of long service
• A retiring allowance is taxable, non-employment income and will be reported to the Applicant on a T4 tax slip for the year of payment
• You have the option to split the allowance into two payments if you choose – see application form
• All payments will be subject to a withholding tax and any other required deductions
• Applicants may elect additional tax be withheld
• No deductions for Canada Pension Plan, Employment Insurance, UPP, QUFA dues and/or employee-paid benefits will be applicable to the payments
• Those interested in the VRP are encouraged to seek independent financial advice from a financial advisor

Academic Leave

Can I still apply for / take my academic leave?

• Yes
• Faculty members eligible for a 6- or 12-month academic leave can request approval to take their leave before their retirement date.
• 6-month academic leave January 1, 2026 – June 30, 2026 or July 1, 2026 – December 31, 2026
• 12-month academic leave January 1, 2026 – December 31, 2026

Office Space

Can I still have access to an office after I retire?

• Yes
• There is the option to indicate on the VRP application form if you would like office space for a period of two years post-retirement.
• There is no guarantee that the space assigned will be your current office

Additional Resources

What resources are available to support me making this decision?

Transitioning to Retirement Brochure-> Core Terminology, fundamentals

• The Retirement Process
• Retiree Benefits Guideline
• MyUPP.ca and UPP Pension Estimate Calculator
• Employee and Family Assistance Program (EFAP) – Telus Health One: Retirement Planning
• Connect with your designated Human Resource Representative for if you have any questions