Leaving OSPS: Retirement
The following form sets the retirement process in motion:
Advance notification of member retiring (RET1) form 
(84kb)
Ideally, form RET1 should be completed at least 8 weeks prior to the retirement, although in practice we can work to less notice. On receipt of this notification, we will calculate the final benefits and send the member details of their retirement options along with the necessary forms to set up the benefits. We will not send out retirement papers more than three months in advance of retirement.
When your payroll has been run for the month of retirement, please send us the following form:
Confirmation of member retiring (RET2) form (114kb)
If you operate a Salary Exchange scheme you should use Confirmation of retirement (salary exchange colleges only) (RET2(S)) form (123kb)
instead.
We will reconcile the contributions to salaries and date of retirement in order to check that there have been no changes to affect the retirement calculation such as revised pay figures or a changed retirement date. The P45 should also be attached so that the details can be entered on the University pensioners payroll.
If the retirement date changes it would be extremely helpful if you could let us know before the original retirement date. This will avoid incorrect payment of benefits. Also, if you know there has been a change in salary details, such as a drop in hours, which will reduce benefits it would be very useful to know in advance so that we can avoid overpayment.