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When to tell boss I'm retiring?

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Comments

  • artyboy
    artyboy Posts: 1,667 Forumite
    1,000 Posts Third 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: 1,023 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: 697 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 
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