Is there a mandatory retirement age in Ontario?
As of December 12, 2006, the Ontario Human Rights Code protects all persons aged 18 and over against discrimination in employment on the basis of their age. This means that employers cannot make decisions about hiring, promotion, training opportunities, or termination on the basis of an employee’s age. To read more, visit the Ontario Human Rights Commission.
How do I know if I can retire?
Retirement can be different for everyone. We recommend that you speak to your friends and/or family as well as a financial advisor to help with your decision. There are no restrictions on which day you can retire.
I am ready to retire, what are the next steps?
If you have decided that you are ready for retirement, your first step is to select a date. The next step is to speak with your supervisor. Some people give up to a year's notice to help with the transition of your position. You may want to discuss using up any vacation that you have banked prior to your retirement date.
The next step is to notify Human Resources and speak to the Pension Manager. We will require your notice in writing. The Human Resources office will advise you of your option to continue with medical, vision, and dental benefits during your retirement, and the monthly cost associated with each.