Retirement Orientation

1
Retirement Orientation

• Human Resources
• Central Michigan University

2
Orientation Agenda

• Review options to invest retirement contribution
  from CMU
• Discuss employee retirement contribution options
• Overview of retirement vendors background,
  investment options, web tools
• Review necessary paperwork

3
CMU Retirement Contributions
CMU
Optional Retirement Plan (ORP) Defined
Contribution Immediate vesting Pension based on
earnings accrued
Michigan Public Schools Employee Retirement
System (MPSERS) Eligibility Criteria prior to
1/1/96 Defined Benefit 10 year vesting
period Pension based on calculated formula
ORP RA (403b)
MPSERS
TIAA-CREF
FIDELITY
4
ORP Contributions by CMU
5
Employee Retirement Contributions
EMPLOYEE
SRA (TDI)
403b
457b
TIAA-CREF
TIAA-CREF
FIDELITY
6
Tax Savings Example
18,128
141,761
7
Vendor Comparison
8
Tax Deferral Comparison 403b vs. 457b
9
Forms in your packet to be completed -

• Your University Retirement (RA) Vendor allocation
  forms
• R 6, R 8, or R 10
• Application forms for both TIAA-Cref and Fidelity
  Investment.
• Supplemental 403b SRA or GSRA
• CMU Salary Reduction Agreement authorization
  forms
• Application forms for both TIAA-Cref and Fidelity
  Investment.
• Supplemental 457b GSRA
• CMU Salary Deferral Agreement authorization form
• Application form for TIAA-Cref.

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Step One Know the Risk
Stocks
Bonds
Short Term
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Step Two Know Your Options
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One Decision Strategy
13
Build Your Own Strategy
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Build Your Own Strategy
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Build Your Own Strategy
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Build Your Own Strategy
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Build Your Own Strategy
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Build Your Own Strategy
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Build Your Own Strategy
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Build Your Own Strategy
Fidelity also offers Equity Funds by Industry
i.e. Energy, Chemicals, Electronics, etc.
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Step Three Choose a Vendor
Be sure to know the expense ratio!
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www.tiaa-cref.org/cmich
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www.fidelity.com/atwork
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Step Four Enrollment
60-day Enrollment Period Deadline
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Contact Info
This presentation can be found at http//www.hrs.
cmich.edu/workshops.html