UMBC logo
UMBC Campus

 

Retirement/Resignation


Retirement vs. Resignation

When an employee transitions from University Service, it is important to recognize the different processes as it relates to the period of notice and benefits. The chart below provides general information for each. For more details, contact the HR Benefits Staff with questions related to separation from University service.

Retirement   Resignation
  • Employee should provide up to 3 months notice to supervisor of intent to retire.
  • Employee may be eligible to continue health benefits via pension deduction.
  • Unused sick leave may be credited toward retirement (MSRP only). Payout of annual leave and holiday may be warranted. No payout for unused personal leave.
  • Retirement packet submitted to HR for processing (30-45 days prior to retirement date).
 
  • Employee should provide up to 2 weeks (non-exempt) or 30 days (exempt) notice to immediate supervisor of intent to resign.
  • Employee contacts HR Benefits Staff to set up exit interview.
  • Employee may be eligible to continue health benefits via COBRA (full cost + 2% fee).
  • Payout of annual leave and holiday may be warranted. No payout for unused sick or personal.
  • Employee signs Exit Checklist as verification of benefits discussion.