Retirement does not require a formal announcement, especially in circumstances where it comes to the expected age. Most people retire when they are in their early 50s or mid 50s; it may depend on the terms of the contract. But there are cases when you may have to retire earlier than the official age. In this situation, you should definitely make a formal announcement to your boss. This is possible with a retirement letter and with so many sample letter templates, it shouldn’t be that hard to warn your boss about your retirement needs.
If you are thinking of retiring, it is important that you start preparing your boss early. A few months in advance of the intended retirement date. You can also keep your colleagues informed, but the pension letter is very important. But what exactly should you include in the letter?
Gratitude – Remember that you will not be returning to your workplace and that your letter may enter the company’s permanent records. The most important aspect to include is gratitude to your employers. Make the letter as warm as possible for them without overdoing it. Think of it as your only chance to really express how grateful you are for working for the company and under the leadership. The fact that you are not resigning but are retiring can only mean that you felt comfortable with your work; express this as much as possible.
Date of departure – In order to make the transition as easy and smooth as possible, it is important that you are very clear with your pension details, especially the date you want to leave the company. If you plan to leave on November 20, make the date clear compared to November only. This prevents you from having to stay longer than you expect or longer than your plans can handle. It also gives employers a clear date to make plans necessary to process your benefits and likely even find your replacement.
Potential proposals – If you think your pension is quite drastic and you want to help the company adjust, you can state in your pension letter what you are open to. For example, you can offer to train a potential employee to replace you or work part-time or work occasionally for a certain amount of time until the company is good to go without you. Your employer may not want to hold you longer than you want, but offering to make the transition as smooth as possible for them proves that you have the best interests of the company in mind. You may eventually be asked to choose a substitute and lead it through your role so that you leave someone as competent as you are.
There are so many things you can say in your retirement letter, but these three are a must and you cannot ignore them.