Wherever you are in your career, there are steps you can take today to plan for a successful retirement. In this section you can browse resources and register for classes to help you get ready to retire.
Thinking About Retirement?
For your reference, download a quick retirement planning guide and timeline or a one-page overview of retirement resources at U-M.
Register to attend a retirement planning class.
Learn more about Social Security and Medicare.
Review age- and service-based milestones on your road to retirement.
Your U-M Benefits and Unused Vacation or Paid Time Off at Retirement
You will want to plan ahead and understand what happens to your U-M Benefits in retirement. Unused accrual of vacation or paid time off (PTO) will be paid to you shortly after retirement. Once you have submitted your final time sheet and your department approves it, a check will be issued to you typically within a few weeks after you have retired. This payment is not eligible for contributions for the Basic Retirement Plan although individuals subject to a collective bargaining agreement should refer to the terms of their contract.
Have Questions or Need to Talk?
Attend an upcoming retirement event:
- Register for Make the Most of Your Retirement Savings (Presented by Fidelity Investments) - Tuesday, March 6, 2018 from 11:00 to 12:00 - School of Social Work, Room 1840
- Register for Tomorrow in Focus: Saving for Your Ideal Retirement (Presented by TIAA) - Tuesday, March 6, 2018 from 1:00 to 2:00 - School of Social Work, Room 1840
Schedule a free appointment with TIAA or Fidelity to discuss your savings progress, retirement income strategy and investment options. You can also register for live webinars at TIAA Virtual Environment. Topics include basic estate planning, foundations of investing, managing income and debt, and dismantling myths about annuities, or visit tiaa.org/umich to register for financial education seminars in your area.
Contact Mental Health Counseling and Consultation Services to explore any personal or career concerns related to this significant life transition. (It’s free and completely confidential.)