How to Cancel Your Enrollment in the Basic Plan

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, click the Faculty & Staff tab, enter your uniqname and UMICH password to log in, click Employee Self-Service, if you have DUO two-factor authorization enabled, choose an authentication method to continue the log in process, and then follow these steps.

  1. Click the Benefits tile
  2. Undern Retirement Self Service, click Initiate Ret Savings Elections
  3. Click the radio button for Select this option to Enroll/ Change/Cancel Your Basic Retirement Savings Plan or your Supplemental Retirement Account (SRA)
  4. Click Next
  5. Review the effective date and then click Continue to proceed
  6. Click Select at the bottom of the page
  7. Click Edit under the option “Voluntary Retirement”
  8. Click Waive
  9. Click Store
  10. Review your elections and click OK
  11. Click Edit under the option “Retirement Vendor option”
  12. Click Waive (no coverage)
  13. Click Store
  14. Review your elections and click OK
  15. Click Submit to save your elections
  16. Read the information on this page, and then scroll down and click Submit
  17. Review your confirmation number and submitted elections
  18. Click Return to Enrollment to review your event status
  19. 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.