Australian Catholic University redefines retirement

Tuesday, 16 December 2014

8 November, 2006: Australian Catholic University (ACU) has announced a groundbreaking strategy to give its staff greater flexibility and financial security in the transition to retirement.

8 November, 2006: Australian Catholic University (ACU) has announced a groundbreaking strategy to give its staff greater flexibility and financial security in the transition to retirement.

The Pathways To Retirement program will allow staff over 50 years of age to flexibly structure their retirement to suit individual work-life balance preferences and financial needs.

Launching the program, ACU Vice Chancellor Professor Peter Sheehan AO said the Pathways program was developed in response to Australia’s ageing labour force and would further cement the University’s reputation as a progressive employer.

“ACU is committed to the welfare of its staff both in their professional and personal lives. The Pathways To Retirement program is yet another example of this commitment,” Professor Sheehan said.

“The program gives staff the option to reduce their work responsibilities or partially retire from full-time work, while maintaining their links to ACU and enhancing their retirement income. As a result, the University will continue to access the valued skills, knowledge and experience of its staff members in a way that is mutually beneficial.

“The issue of an ageing Australian workforce is a challenge to all employers. Pathways To Retirement addresses this issue while benefiting the University and giving our staff greater freedom to plan the next phase of their lives.”

Options available through the Pathways program include:

• Allowing staff to reduce their workload in the lead-up to an agreed retirement date while maintaining full-time equivalent superannuation contributions

• Allowing academic staff to retire from continuing work while still undertaking some paid work and receiving partial access to superannuation entitlements

ACU has a history of progressive workplace reforms – in 2001, the University was the first employer in Australia to offer a full year’s paid maternity leave to its staff.

Australian Catholic University (ACU) – established as Australia’s only Catholic, national, publicly funded university – is open to all. The University empowers its students and staff with a strong sense of social responsibility and concern for the moral and ethical dimensions of their study and their professional and personal lives.

Media Contact

For further information or to organise an interview with Professor Sheehan, please contact:

Anthony Hillis 02 9739 2091,  0407 495 299 anthony.hillis@acu.edu.au
Chris Veraa 03 9953 3851,  0407 845 634  chris.veraa@acu.edu.au

www.acu.edu.au/news

 

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