We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

When to tell boss I'm retiring?

Options
124»

Comments

  • artyboy
    artyboy Posts: 1,607 Forumite
    1,000 Posts Second Anniversary Name Dropper
    Mrs Arty is intending to retire in the next few years but she's damned if that's going to happen any way but through a redundancy package. Admittedly she's got over 30 years service and is in an industry that is generous with severance, so she'd probably get a substantial 6 figure sum out of it - consequently she's keeping very quiet about her plans!
  • I gave my boss 10 months notice. 

    Problem is my boss is also my brother and that gave him plenty of time to persuade me, as his big sister, to stick around.

    I’m now working one day a week, it’s turned out pretty good really. 
    Don't wait for your ship to come in, swim out to it.
  • Beddie
    Beddie Posts: 1,012 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    artyboy said:
    Mrs Arty is intending to retire in the next few years but she's damned if that's going to happen any way but through a redundancy package. Admittedly she's got over 30 years service and is in an industry that is generous with severance, so she'd probably get a substantial 6 figure sum out of it - consequently she's keeping very quiet about her plans!
    I dreamt of a nice redundancy package to push me out of the door - never same though, sadly.
  • Anonymous101
    Anonymous101 Posts: 1,869 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 9 October 2023 at 2:00PM
    On balance it does seem to be that playing your cards close to your chest and not informing your employer of your intentions is the best thing to do.

    If I think about it the other way around. When have I ever heard an employer communicate that they were intending to let people go or change strategy prior to formal notifications? Never.
  • Rich1976
    Rich1976 Posts: 695 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Just give the required notice period as specified in your contract . Loyalty doesn’t work both ways and I know from experience that if employers choose to make the role redundant they do not have to give any notice ( but have to pay you in lieu of notice ), so why should it be any different for employees who are retiring 
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.9K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.