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Crucial Steps for a Smooth Transition into Retirement

Click on the Number of Months before Anticipated Retirement Date

How do I:

Start a Tax-Deferred Investment in a 403(b) SRA and/or 457(b) GSRA

Maximize my Tax-Deferred Investments

Increase, decrease or stop contributions to an existing 403(b) SRA and/or 457(b) GSRA

Update/change my beneficiaries

Find out how much vacation hours I will be paid off when I retire

Find out if I am eligible for a Retirement Service Award

Find out if I am eligible for health insurance after retirement

Contact Retirement Vendors –

TIAA-CREF, Fidelity or MPSERS

Quick Links:

Forms

CMU Retiree & Emeritus Status

Benefits after Retirement

Social Security

Medicare

Commonly Asked Questions
6-12 months 5-8 months 3-4 months 2-3 months 1-2 months

What needs to be done:

  • Submit your notice of retirement in writing to your supervisor.  You must provide notice to your department within the appropriate time designated in your employee group contract/handbook to ensure proper payoffs.
  • If you are receiving any additional payoffs (vacation payoff, retirement service award, sick leave if applicable, etc.), you may want to consider contributing these payoffs to a supplemental retirement account to save on taxes.  Contact the Benefits & Wellness office at 989-774-3661 to discuss your options.

1 Month:

  • Contact the Payroll office (989-774-3481) to make arrangements for your final paycheck. Your final check will be ready on your date of retirement.