Retirement Savings Plan

Applies to: Regular and Supplemental Staff
  1. Policy

    The University of Michigan offers a combined 403(b) and 401(a) defined contribution retirement plan for regular and supplemental faculty and staff.

  2. Regulations

    1. Eligibility, Enrollment, and Plan Benefits

      Information on eligibility, enrollment, and plan benefits is available by contacting the Benefits Office and by visiting the Benefits Office website at: https://hr.umich.edu/retirement-savings-plans.

    2. Compulsory Participation

      Regular employees age 35 or older with two or more years of service and currently at a 100% appointment effort, must participate in the plan and continue participating until termination, retirement or an ineligible appointment. A reduced benefit option is available to select which does not require employee contributions on earnings below the Social Security wage base and provides a lower University contribution.

    3. Lump Sum Distribution

      Lump sum distributions of employee contributions and earnings are available at any age after termination of employment. Lump sum distributions of University contributions and earnings are available at age 55 or older after termination of employment. Official University retirees (see SPG 201.83) may elect a withdrawal of all contributions and earnings regardless of age.

    4. Retirement Plans For Bargained-For Staff Members

      Staff members subject to terms and conditions of collective bargaining agreements should consult the specific provisions in their current agreements dealing with the Retirement Plan.

    5. Limitations

      The University in its sole discretion may modify, amend, or terminate the plan. Nothing in these materials gives any individuals the right to continued plan benefits beyond those accrued at the time the University modifies, amends, or terminates the plan. Anyone seeking or accepting any of the benefits provided will be deemed to have accepted the terms of the plan and the University’s right to modify, amend, or terminate the plan.


April 2019:  reviewed with no changes 

October 2023:  reviewed with no changes 

SPG Number
Date Issued
Last Updated
Next Review Date
Applies To
Regular and Supplemental Staff
University Human Resources
Primary Contact
University Human Resources