Rollovers

The ability to rollover assets into the U-M plan from another employer’s retirement program, and to roll over assets of the U-M plan into an IRA or another employer’s retirement plan, depends on a number of factors, including the plan type, your age, and if you are a current employee, a former employee or U-M retiree. Talk with a tax professional or financial advisor and ask questions so that you understand the limitations, requirements and consequences before you take any action.

Your Options for Rollovers

Basic Retirement Plan:

Current Employee – Your 5% Basic Retirement Plan 403(b) amounts may be rolled over at age 59 ½ or older.

Former Employee – You can roll over employee contributions and earnings at any age, as well as university contributions and earnings at age 55 and older.

U-M Retiree – Rollovers available at any age. 

403(b) Supplemental Retirement Account (SRA):

Current Employee – Rollovers available at age 59½; disability

Former Employee – Rollovers available at any age. 

U-M Retiree – Rollovers available at any age. 

457(b) Deferred Compensation Plan:

Current Employee – Rollovers available at age 59½.

Former Employee – Rollovers available at any age. 

U-M Retiree – Rollovers available at any age.