Retirement Checklist

1. Notify Your Supervisor of Your Retirement

Your department must submit transactions to university records to initiate your transition from active employment status to retiree. Departments usually want notification of your intent to retire in writing and with enough reasonable advance notice to plan for it.

2. Arrange to Pay for Your Benefits

You can have an automatic deduction taken from your checking or savings account each month to pay for your benefit premiums, or you can send in a personal check or money order.

3. Meet with TIAA and or Fidelity Investments

If you have U-M retirement savings accounts, you may want to meet with a retirement planning specialist from TIAA or Fidelity Investments, or both, to review your income projections and income options, as well as complete forms to initiate any income payment options. TIAA and Fidelity cannot release your income distributions or rollovers until they have confirmation of your retirement. This is provided once your department has submitted your retirement notification to university records and it has been updated.

4. Request Your Retirement Checkout Kit

Call the SSC Contact Center 30 days prior to your retirement and request to have a Retirement Checkout Kit mailed to your home. The following are included in the kit:

  • A review of your benefits, associated costs, and covered, eligible dependents (if any)

  • Your Retirement Benefits booklet

  • Life insurance beneficiary form (if enrolled)

  • Medicare Part B enrollment form

  • Automatic deduction authorization form to pay for your benefits from a checking or savings account

  • U-M Retiree ID Card form

  • U-M Retirees Association brochure

You may also view a sample Retirement Checkout Kit. Please note that the sample kit is provided for reference only. Do not complete or submit any forms before you receive your personal Retirement Checkout Kit from the SSC Contact Center.

5. Apply for Social Security and Medicare

Visit your local Social Security Administration office, or call for an appointment, (800) 772-1213, to apply for Social Security income benefits and for Medicare. Retirees and their dependents must enroll in Medicare benefits when first eligible. If you or a dependent who is eligible for Medicare fail to enroll when first eligible, your benefits will be drastically reduced until enrollment occurs. U-M health plan coverage will not pay for services that would have been paid primary by Medicare if Medicare enrollment had occurred. There may be a penalty for late Medicare enrollment of 10% a year for each year you could have been enrolled.

6. Obtain Your Retiree ID Card

Exchange your staff ID card (Mcard) for a retiree ID card once you retire; this gains you access to university facilities. The authorization for this card is included in your Retirement Checkout Kit.

Retiree Mcards are valid for five years. After five years, retirees can exchange an expired card for a new card. Expired Mcards must be turned in, otherwise a replacement fee will apply. To renew an expired retiree Mcard by mail, please send your request along with the expired Mcard to:

Wolverine Tower Mcard Office #G250
3003 S. State St.
Ann Arbor, MI 48109-1281

Be sure to include the address where you would like the new card sent. To expedite the return, please include a self-addressed, stamped envelope.

7. Pick Up Your Rec Sports Membership

The Department of Recreational Sports offers a one-month complimentary membership to new retirees. Stop by any one of the Rec Sports Business Offices approximately one month after you have retired to pick up your membership.

8. Pick Up Your Retiree Parking Permit

Retirees from the Ann Arbor campus are eligible for a free After Hours permit that authorizes parking in Blue, Yellow, and Orange U-M parking lots and structures after 3:00 p.m. on weekdays and weekends but not for athletic events parking. Contact U-M Parking and Transportation Services for your permit. U-M Flint and U-M Dearborn also offer parking permits to their retirees.

9. Consider Joining the U-M Retirees Association

All university retirees and their spouses are eligible to join the U-M Retirees Association. For more information on membership and annual dues, contact: umra@umich.edu or call (734) 763-7385.

10. Update Your Address

Make sure your address is current with the university (you can update it online using Self Service in Wolverine Access). It is also important to update your address with your health plan, TIAA, and Fidelity Investments.