Retirement Plans
CMU is pleased to offer

Comprehensive retirement benefits to our faculty and staff.

Whether a new, current or retiring employee you can find important information at these links and staff are ready to answer your questions at (989) 774-3661 or email at benefits@cmich.edu.

University Retirement Plans  - Employer's contribution

403(b) Basic Retirement Plan:

A defined contribution plan where a percentage of employee earnings is contributed by CMU to the employee's individual 403(b) basic retirement account with one or both of two vendors: Fidelity and/or TIAA-CREF. The percentage contributed is based on the employee group. Open to all half-time or greater benefit eligible employees who are not eligible for MPSERS.

Michigan's Public School Employees Retirement System (MPSERS):

A defined benefit plan that is open only to those employees who have participated in MPSERS prior to 1/1/1996 at one of the following seven institutions: Central Michigan University, Eastern Michigan University, Ferris State University, Lake Superior State University, Michigan Technological University, Northern Michigan University, or Western Michigan University.

Tax-Deferred Investment Plans - Employee's contribution

The 403(b) and 457(b) are voluntary plans and all contributions are made by the employee on a pre-tax basis. Contributions must be deferred as a percentage of salary and must be done in quarter (1/4) increments.

No matter which University retirement plan you are in, MPSERS or the 403(b) Basic Retirement Plan, by contributing additional monies from your check to a tax-deferred investment plan, you are increasing the amount you will have so you can retire when you are ready. It is important to start saving as soon as possible so your contributions can grow and compound over time. All supplemental retirement monies are deducted on a pre-tax basis, so not only are you saving more for the future, but you are also saving on your taxes by lowering your taxable income while you are working.

Understand Retirement Options Available to You

Individual Consulting Opportunities:

  • TIAA-CREF is on campus each month for individual consulting sessions. Go to their website at: www.tiaa-cref.org/moc, then click on meetings and counseling. Fill in the state and then go to Central Michigan University. You can sign up directly with them or call their toll free number at: 1-800-732-8353
  • Fidelity Investments representative is on campus different times each month for individual consulting sessions. Go to their website at: www.fidelity.com/atwork then click on "reservations" to register. You can sign up directly with them or call their toll free number at: 1-800-642-7131

Quick Links

CMU Retiree & Emeritus Status

Retirement Health Benefits

Social Security

Commonly Asked Questions

Plan Documents

Education: Podcasts/Webinar/Videos


Contact Retirment Vendors

TIAA-CREF
Customer Service: 1-800-842-2776
Website: http://www.tia-cref.org/cmich/

Schedule an individual counseling session on campus:
www.tiaa-cref.org/moc or call 1-800-732-8353
Select Michigan and then look for appointments under Central Michigan University
 
Fidelity Investments
Customer Service: 1-800-343-0860
Website: www.mysavingsatwork.com
 
Schedule an individual counseling session on campus: Call Fidelity's toll free number at: 1-800-642-7131 or go online and register at:
www.fidelity.com/atwork/reservations
 
MPSERS
Customer Service: 1-800-381-5111
Website: http://www.mi.gov/orsschool
Central Michigan University • 1200 S. Franklin St. • Mount Pleasant, Mich. 48859 • 989-774-4000