If you are a compulsory participant in the Basic Retirement Savings Plan (you are age 35 or older, with two or more years of eligible service, and you have a 100% appointment effort), download and complete this form and return it as instructed on the form to enact the change in contribution rates. Call the SSC Contact Center at 734-615-2000 to request forms and information on how to select the Reduced Benefit Option.
If you are not a compulsory participant, cancelling your enrollment in the Basic Retirement Savings Plan requires two steps in Wolverine Access self-service. First you need to waive enrollment in the Basic Plan and then waive enrollment under the investment vendor allocation. Follow these steps:
- Go to Wolverine Access
- Enter 'Benefits' in the search bar
- Select the Benefits Self-Service tile
- Enter your uniqname and UMICH password; Two-factor (Duo) for Weblogin is required.
- Select the Initiate Ret Savings Elections tile
- Click the Enter my Basic/SRA Elections button
- Select the Voluntary Retirement tile
- Click the Select button next to 'Waive'
- Click Save in the upper right hand corner
- Select the Retirement Vendor tile
- Click the Select button next to 'Waive'
- Click Save in the upper right hand corner
- Click the Finalize Elections button
- Click the Submit and View Stmt button