Prior to retiring, you may need to prepare in the following ways:
Evaluate retirement income options:
- Review sources including Social Security and your retirement savings plan at Northwestern at least one year prior to retirement.
- Meet with the Social Security Office several months before retirement.
- Contact your investment company, Fidelity or TIAA-Cref, to make arrangements for retirement payments.
- Review the steps to take prior to retiring and review the booklet here: Status of Benefit Programs Upon Retirement.
Give notice of retirement to your department:
- A faculty member who wishes to resign is expected to notify the dean of the school no later than May 1 of the academic year prior to the year in which the resignation would take effect or 30 days after receiving notification of the terms of continued appointment for the academic year in which the resignation will occur, whichever is later.
- Staff must provide two weeks of working notice in order to leave the University in good standing.
Elect health & wellness benefits: