Guide

When an employee retires

Providing support for a retiring employee

Even though employees can generally choose when to retire, preparing for retirement may still be a difficult time emotionally and financially for them.

There are a number of ways in which you can help an employee make the transition from employment to retirement, including:

  • Allowing them to gradually reduce their working hours for a period of time before their retirement. This will give the retiring employee a chance to develop other interests outside work. However, reducing working hours in the few years leading up to retirement could reduce the pension an employee would receive.
  • Providing opportunities to attend a pre-retirement course for counselling and/or financial advice.
  • Providing information on the state pension and other entitlements - see pensions and retirement.
  • Organising a retirement party for them and buying them a retirement gift.