Retirement Basics

BYU-Idaho offers several different programs and resources to help you plan for your retirement. 

Get the Retirement Process Started

Generally, you will want to begin the retirement process at least 3-4 months in advance by notifying your supervisor as well as HR with a retirement date. While the retirement application can be filled out online through, we invite employees to fill out this application with our Benefits Specialist to help with any questions that arise throughout the application process.

The application must be filled out and submitted to DMBA no later than 45 days before the employee's first day of retirement. To ensure a smooth transition, we strongly recommend the application be completed 2-3 months beforehand.

Early Retirement


To become eligible for the early retirement benefit offered by BYU-Idaho, an employee must complete 20 years of eligible service and be within four years of their social security retirement age. The early retirement benefit exists to help offset reductions that come with retiring before full retirement age is reached. The early retirement benefits can be used at the earliest four years before an employee's full retirement age. There are two parts to the early retirement benefit: the social security bridge, and the lump sum.

Social Security Bridge

When the social security benefit is withdrawn early, a 7% reduction is applied for every year that the employee's current age is below their full social security retirement age. The Social Security Bridge is offered by BYU-Idaho to help early retirees refrain from withdrawing their social security benefit until their full social security retirement age is reached.

Lump Sum

The full retirement age for DMBA is 65. For every year that the pension is withdrawn before that age, there is a 3% reduction to the monthly benefit. To offset this reduction, eligible retirees will receive a lump sum equal to the dollar amount of the reduction.


To prepare for retirement, you should consider a variety of sources of income. These generally include:

  1. Master Retirement, or pension (solely funded by BYU-Idaho)
  2. Supplemental Retirement Savings (YOUR contributions, usually through a 401(k) program)
  3. Social Security
  4. Personal savings (such as savings accounts, investments, property, etc.)