Effective July 1, 2006 the mandatory retirement age of 65 is eliminated. Faculty members attaining age 65 after July 1, 2006 who choose to remain on active employment shall continue to enjoy all of the rights, privileges and benefits of an active faculty member with some exceptions:
- long term disability coverage will end on the June 30th following attainment of age 65;
- participation in basic group life and option life plans will continue until December 1st of the calendar year in which the individual reaches age 69. After which time, individuals will be eligible to receive the retiree group life benefit which is a $5,000 lump sum policy.
- Out-of-province emergency medical coverage continues until December 1st of the calendar year in which the individual reaches age 69. After that date, active employees will be eligible for the retiree out-of country emergency travel benefit. This is a $10,000 lifetime benefit.