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) call the SSC Contact Center at 734-615-2000 to request forms and information on how to select the Reduced Benefit Option or cancel the Reduced Benefit Option and contribute at the full 2-for1 matching rate.
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.
To begin, go to Wolverine Access and select Employee Self-Service. iI you have DUO two-factor authorization enabled, choose an authentication method to continue the log in process, and then follow these steps.
- Click the Benefits tile
- Click Initiate Ret Savings Elections tile
- Click the radio button for Select this option to Enroll/ Change/Cancel Your Basic Retirement Savings Plan or your Supplemental Retirement Account (SRA)
- Click Next
- Review the effective date and then click Continue to proceed
- Click Select at the bottom of the page
- Click Edit under the option “Voluntary Retirement”
- Click Waive
- Click Store
- Review your elections and click OK
- Click Edit under the option “Retirement Vendor option”
- Click Waive (no coverage)
- Click Store
- Review your elections and click OK
- Click Submit to save your elections
- Read the information on this page, and then scroll down and click Submit
- Review your confirmation number and submitted elections
- Click Return to Enrollment to review your event status
- Click Sign Out at the top of the window to close self-service, and then click Log Out to securely exit Wolverine Access. If you are on a public computer, click Log Out again to securely log out of all U-M weblogin applications.