Voluntary Early Retirement

Introduction

Federation University Australia (the University) is running a Voluntary Early Retirement Scheme (VERS). The purpose of the VERS is to recognise long-serving continuing employees who wish to retire from the University with an enhanced exit opportunity. The VERS will also support workforce regeneration.

The Federation University Australia Union Collective Agreement 2015–2018 (the Agreement) provides for voluntary early retirement for Academic employees: clause 35. The University is intending—as provided for in clause 35.2 of the Agreement—to broaden this scheme to apply to general/professional and TAFE teaching staff.

Toolkit

To determine whether this may be right for you, the following documents have been prepared:

Information sessions

Employees considering accepting voluntary early retirement may benefit from attending a superannuation, Centrelink and/or Employee Assistance Program information session regarding their options.

Financial

Overview
How termination payments are taxed | Options to replace lost income | Eligibility to access benefits | Tax consequences | How to access personalised advice.

UniSuper

GippslandTue, 8 November 201612:30pm - 1:30pm2E101, Gippsland
Mt HelenWed, 9 November 201612:30pm - 1:30pmF301, Mt Helen

UniSuper's Dale Eriksen will also be on campus for personal, one-on-one appointments:

Mt HelenThu, 24 November 2016by
appointment
only
To make an appointment to see Dale, simply call 1300 331 685 or email UniSuper advice.
GippslandThu, 1 December 2016

On-campus consultant

Bookings will also be available for Ivan Jukic (Ballarat) or Brett Hynes (Gippsland).
To make an appointment, head to www.unisuper.com.au/campusbookings (you will be asked to select the State, then FedUni, then your location to view available times).

VicSuper

SMBWed, 16 November 201612:30pm - 1:30pmC001 (Old Chem Building), SMB

Centrelink

Mt HelenWed, 23 November 201612:30pm - 1:30pmF301, Mt Helen

Unable to attend the above sessions in person?

Video conferencing from other FedUni locations can be arranged. For more information, please email hr@federation.edu.au.

Employee Assistance Program

Transition to retirement

Outline
Things to consider when facing retirement | Ways of perceiving retirement | Positive health habits | The importance of social support | Thoughts, emotions and building optimism.

Places are limited. Please use the relevant link to register your place:

Mt HelenThu, 17 November 201611:00am - 12:00pmF200, Mt Helen
Mt HelenThu, 17 November 20161:00pm - 2:00pmS113, Mt Helen
GippslandFri, 18 November 201611:00am - 12:00pm2W273 (Crofton Hatsell room), Gippsland
GippslandFri, 18 November 20161:00pm - 2:00pm2W273 (Crofton Hatsell room), Gippsland