Retirement

Financial/Retirement Workshops and Meetings

Wednesday, May 8, 2019 - TIAA Financial Essentials Webinar  (registration required) 
12:00 pm to 1:00 pm

Free Social Security Retirement Planning Workshop Webinar
  Date Time
  Friday, May 17, 2019 12:00 p.m.
  Thursday, June 27, 2019 8:00 a.m.
  Tuesday, July 16, 2019 6:00 p.m.
  Monday, August 5, 2019 2:00 p.m.
  Friday, September 13, 2019 8:00 a.m.
  Wednesday, October 16, 2019 12:00 p.m.
  Thursday, November 21, 2019 3:00 p.m.
 
 
 
 

Northern Michigan University Retirement Plan--403(b)

To enroll, please visit https://www.tiaa.org/nmu and complete the online enrollment for for the 403(b) Retirement Plan

A defined contribution plan where a percentage of employee earnings is contributed by NMU to the employee’s individual 403(b) retirement account with TIAA. The percentage contributed by the employer is based on the employee group. The plan is open to benefit eligible employees who are not eligible for the defined benefit plan (see below).

TIAA offers numerous resources to help employees find advice they can use and trust.  In fact, they offer hundreds of thousands of in-person, telephone and online advice sessions each year.  The Advice and Guidance Center fully leverages their customer segmentation framework, which enables them to deliver information and resources targeted to an employee's life stage.  The focus on employees' full financial life, rather than just retirement-focused education solutions, underscores their commitment to providing lifetime financial security.  Visit the Advice and Guidance Center to view the rich content TIAA is providing to employees. 

In addition, TIAA offers a brokerage account which gives you access to thousands of mutual funds beyond the ones offered in the base retirement plan.  Visit www.tiaa.org/brokerage for more information.

To access investment and performance information about the defined contribution retirement plans at NMU, please visit the employee services tab on MyNMU and click on the box labeled "Retirement Plan Information."


A defined benefit plan which is open only to those employees who have participated in MPSERS prior to 1/1/1996 at one of the following seven institutions: Central Michigan University, Eastern Michigan University, Ferris State University, Lake Superior State University, Michigan Technological University, Northern Michigan University, or Western Michigan University.


To enroll, please visit https://www.tiaa.org/nmu and complete the online enrollment for for the 403(b) Tax-Deferred Annuity Plan. 

A voluntary retirement plan where salary contributions are made solely by the employee on a pre-tax basis.  After-tax contributions (Roth) may also be considered. 

To access investment and performance information about the defined contribution retirement plans at NMU, please visit the employee services tab on MyNMU and click on the box labeled "Retirement Plan Information."


To enroll, please visit https://www.tiaa.org/nmu and complete the online enrollment for for the 403(b) Deferred Compensation Plan

A voluntary retirement plan where salary contributions are made solely by the employee on a pre-tax or after-tax (Roth) basis.  The retirement plan administrator for the 457(b) is TIAA-CREF. 

To access investment and performance information about the defined contribution retirement plans at NMU, please visit the employee services tab on MyNMU and click on the box labeled "Retirement Plan Information."


Retirement Portfolio Review Tools

NMU provides a set of quarterly portfolio review reports to faculty and staff who participate in the 403(b) Defined Contribution retirement plans.  The portfolio review reports provide information about commonly selected investment options in the TIAA 403(b) Retirement Plan as well as several Tax-Deferred Annuity 403(b) plans offered through other approved service providers.  Log into your MyNMU account to access these reports through the Employee Services tab of MyNMU.

Additionally, these market review newsletters are participant friendly and provide a summary of the investment performance for the top five (5) widely used funds in the NMU 403(b) retirement plan including a summary of the investment option objectives.


Social Security Information
Free Social Security Retirement Planning Workshop Webinar
  Date Time
  Friday, May 17, 2019 12:00 p.m.
  Thursday, June 27, 2019 8:00 a.m.
  Tuesday, July 16, 2019 6:00 p.m.
  Monday, August 5, 2019 2:00 p.m.
  Friday, September 13, 2019 8:00 a.m.
  Wednesday, October 16, 2019 12:00 p.m.
  Thursday, November 21, 2019 3:00 p.m.

 

 

 

 

 

 

 

Estimate what your monthly payment will be?

The Social Security Administration has a new on-line estimator that can provide immediate and accurate retirement benefit estimates to help you plan for your retirement.  Before you use this tool, have the following information available:  your first name and last name, your date of birth, your Social Security number, your mother’s maiden name, your expected retirement age, and your estimated future wages.

Apply on line for Medicare? 

Employees approaching age 65 can enroll in Medicare a few months before their birthday without an appointment or a trip to the Social Security office.

On-Line Retirement Application 

Download  a DVD to become acquainted with the ease of the on-line filing process

 

 

benefits