The University of Michigan 457(b) deferred compensation plan allows you to sign up for a pre-tax payroll deduction that you may invest with TIAA-CREF and/or Fidelity Investments. Faculty and staff members with an appointment effort of 1% or greater, and University funding for four (4) continuous months or longer are eligible to participate.

The 457(b) may be of interest if:

• You already contribute the maximum allowable to the Supplemental Retirement Account (SRA) and you want to save more.
• You do not need to take a cash withdrawal from the plan before you retire, terminate employment or reach age 70 ½. The ability to take a cash withdrawal while you are a current member of the faculty or staff is extremely limited.

To find out more about the plan, download the 457(b) Plan Handbook or click on the menu items to the left.

• 457(b) Plan Handbook (PDF)
• Enrollment Forms Packet (PDF)
• 457(b) Contribution Calculator (PDF)
• Cancel or Change 457(b) Contribution Form (PDF)

Ask the Experts
While the Benefits Office is happy to assist you, TIAA-CREF and Fidelity staff are standing by to answer your questions about their retirement funds and your options.

Have a Question?
Contact TIAA-CREF and Fidelity Investments for these inquiries and services:

• Questions/help choosing a fund
• Account and income information
• Brochures and booklets on services and financial planning
• Change of address
• Change your Personal Identification Number (PIN)
• Divorce, Qualified Domestic Relations Order (QDRO)
• Forms for cash withdrawal, rollovers, transfers, income options
• Income and payment methods (lifetime annuity, cash out, interest)
• Schedule individual counseling; register for workshops
• Tax questions (withdrawal penalty, minimum distribution, federal withholding)
• Transferring between funds and between TIAA-CREF and Fidelity
• Verify or change beneficiary

TIAA-CREF
730 Third Avenue
New York , NY 10017

• 24-Hour Automated Phone Center: call 800-842-2252

• Telephone Counseling Center : call 800-842-2776
  Monday - Friday, 8:00 a.m. to 10:00 p.m.,
  Saturday 9:00 a.m. to 6:00 p.m., Eastern time

• Internet access: http://www.tiaa-cref.org

• TIAA-CREF Local Office: call 866-842-2949, ext. 6804 to RSVP for U-M workshops or to schedule an individual counseling session
• View a list of events and make reservations for financial education seminars online: TIAA-CREF Meetings and One on One Counseling

Fidelity Investments Tax-Exempt Service Company

P.O. Box 770002
Cincinnati , OH 45277

Retirement Services Specialists: call 800-343-0860
Monday - Friday, 8:00 a.m. to midnight, Eastern time

• Internet Access: http://www.fidelity.com/atwork

• Fidelity Investments Local Office: call 800-457-2926

• To RSVP for U-M workshops or to schedule an individual counseling session, call 800-642-7131 or visit www.fidelity.com/atwork/reservations