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Retirement Acknowledgement Letter
"I need a Retirement Acknowledgement Letter for our Chief Financial Officer who will retire on March 31, 2025, including provisions for a 6-month post-retirement consultancy arrangement and continued medical benefits."
1. Letter Header: Company letterhead, date, and addressee details
2. Opening Statement: Confirmation of retirement and reference to previous discussions/notices
3. Retirement Date: Clear statement of the effective retirement date
4. Final Payments: Details of final salary, accrued leave, and any pro-rata bonus payments
5. MPF/Retirement Benefits: Information about MPF benefits and process for their release
6. Company Property: Requirements for return of company property
7. Confidentiality: Reminder of ongoing confidentiality obligations
8. Reference Letter: Confirmation of whether a reference letter will be provided
9. Acknowledgement: Space for employee signature acknowledging receipt and understanding
10. Closing: Signature block for employer representative
1. Post-Retirement Consultancy: Include if the retiree will continue any relationship with the company in an advisory capacity
2. Medical Benefits Extension: Include if the company offers post-retirement medical coverage
3. Share Options/Long-term Incentives: Include if the employee has outstanding share options or long-term incentive plans
4. Release Clause: Include if a mutual release of claims is being requested
5. Non-Competition: Include if post-retirement restrictions are applicable
6. Retirement Celebration: Include if the company wishes to formally acknowledge long service with a celebration
1. Schedule 1 - Final Payment Calculation: Detailed breakdown of all final payments including salary, leave, bonuses and other entitlements
2. Schedule 2 - Benefits Summary: Summary of retirement benefits, MPF arrangements and any continuing benefits
3. Schedule 3 - Company Property List: Itemized list of company property to be returned
4. Appendix A - Handover Checklist: Optional checklist for handling work transition and property return
Authors
Financial Services
Professional Services
Manufacturing
Retail
Technology
Healthcare
Education
Construction
Hospitality
Transportation
Real Estate
Energy
Telecommunications
Media
Public Sector
Human Resources
Legal
Finance
Company Secretariat
Compliance
Operations
Administration
Chief Executive Officer
Managing Director
Senior Executive
Department Head
Manager
Professional Staff
Administrative Staff
Technical Specialist
Operations Staff
Sales Representative
Customer Service Representative
Factory Worker
Retail Staff
Teaching Staff
Healthcare Professional
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