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Late Career Transitions
Our vision is to support DoM faculty to transition toward and through retirement as a fundamental and rewarding part of the career arc of academic medicine.
Optimal career transition is both a result of, and a contributor to, overall well-being. We want to emphasize this duality and encourage transition/retirement to be viewed as a productive part of the life arc.
We want academic careers to end in a planned and successful way. This involves not just financial planning but also a planned and structured approach to reduction of activities. To make the transition successful in all domains, a strong sense of individual worth and identity that extend beyond the formal professional role is crucial. Developing and nurturing this sense of identity and worth is a career-long process that we intend to promote through wellness and mentoring initiatives.
Transition and retirement also have a time and purpose to ensure that the quality of patient care, research and teaching are maintained. This can be a sensitive issue in which transparency and fairness are key. Encouraging self-awareness and insight throughout the career arc can help mitigate these late career challenges.
We want the institutions we work within (hospital, department, and university) to have a fair and compassionate approach to our retirement that values not only our work and our legacy but also our financial and emotional well-being.
We want careers to transition and end in a way that facilitates renewal and innovation within our institutions, departments and divisions. By facilitating this renewal, the end of an academic career can be as meaningful as the start.
Resources:
- Centre for Faculty Development Late Career Transition Resources
- Late Career Transitions & Physician Retirement Reading/Resource List
- Hedden L. et al. Patterns of physician retirement and pre-retirement activity: a population-based cohort study Lindsay CMAJ December 11, 2017, 189 (49) E1517-E1523. https://pubmed.ncbi.nlm.nih.gov/29229713/
- Pannor Silver M, Easty LK. Planning for retirement from medicine: a mixed-methods study. CMAJ Open. 2017 Feb 13;5(1): E123-E129. doi: https://doi.org/10.9778/cmajo.20160133
- Silver MP et al. A systematic review of physician retirement planning. Hum Resour Health. 2016 Nov 15;14(1):67. doi: https://doi.org/10.1186/s12960-016-0166-z
- Silver, M. Life after Medicine: A Systematic Review of Studies of Physicians' Adjustment to Retirement. Archives of Community Medicine and Public Health. 2016. 001-007. http://dx.doi.org/10.17352/2455-5479.000006
- Doctors Manitoba | Retirement Readiness Tool
- Physician retirement: How to know when it’s time | Wolters Kluwer