Retirement Plans

​​CMU is pleased to offer

Comprehensive retirement benefits to our faculty and staff.

Whether a new, current or retiring employee you can find important information at these links and staff are ready to answer your questions at (989) 774-3661 or email at

University Retirement Plans  - Employer's contribution

403(b) Basic Retirement Plan:

A defined contribution plan where a percentage of employee earnings is contributed by CMU to the employee's individual 403(b) basic retirement account.  The recordkeeper for all of the CMU Retirement Plans is TIAA.  The percentage contributed is based on the employee group. Open to all half-time or greater benefit eligible employees who are not eligible for MPSERS.

Michigan's Public School Employees Retirement System (MPSERS):

A defined benefit plan that 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.

Tax-Deferred Investment Plans - Employee's contribution

The 403(b) and 457(b) are voluntary plans and accept payroll deductions as after-tax ROTH and/or pre-tax contributions.

No matter which University retirement plan you are in, MPSERS or the 403(b) Basic Retirement Plan, by contributing additional monies from your check to a tax-deferred investment plan, you are increasing the amount you will have so you can retire when you are ready. It is important to start saving as soon as possible so your contributions can grow and compound over time.

When requesting  a post-termination distribution, your termination date will not be reported to TIAA until the pay period following your official last day.  Requests made prior to this date will be declined.

Understand Retirement Options Available to You

Individual Consulting Opportunities:

  • TIAA is on campus each month for individual consulting sessions. Go to their website at:, then click on meetings and counseling. Fill in the state and then go to Central Michigan University. You can sign up directly with them or call their toll free number at: 1-800-732-8353.
  • STRAIGHTLINE is an independent investment research firm selected by CMU to assist the faculty, staff, and retirees with investment decisions in the University’s retirement plans.  Straightline's services are available at a cost to the employee.  Please see their website at or call 877-338-4032.

Quick Links