In June 2026, Memorial will offer a one-time Voluntary Retirement Program for eligible employees. The program is designed to reduce costs while offering long-service faculty and staff additional financial support for retirement.   

The criteria to qualify for the program are as follows: 

• Employees must be at least 60 years of age with a minimum of 30 years of service, or
• Employees must be 71 years of age or older, regardless of years of service, as of Aug. 31, 2026; 
• Employees must hold academic and staff positions that are operationally funded and permanent.
• Employees in positions on the executive salary scale are excluded from this program. 

Additional information about the program: 

• Eligible employees will receive a lump-sum amount equal to one (1) month of salary per year of service to a maximum of 12 months. 
• The university does not anticipate refilling all vacated positions.  
• Participation is voluntary, and employees will be supported with clear information to make personal decisions.   
  • The university cannot answer questions or provide advice regarding personal financial or tax planning. Interested employees are encouraged to seek professional advice, if necessary, based on their personal situation and financial goals.
• All employees who meet eligibility criteria and apply will be approved.
• The application period will be open from June 1 – July 10, 2026.
• The latest retirement date for approved applicants is Aug. 31, 2026. 

More information will be communicated prior to the start of the program. Annual pension statements will be updated before the start of the program. 

Frequently Asked Questions. This page will be updated as more information is available.