Well-being at Work: Understanding and Optimizing Your University of Michigan Retirement Savings Plans

This session provides an overview of the University of Michigan’s retirement savings programs and how they work together to support your long-term financial goals. We’ll cover the Basic Retirement Plan, including the 5% employee contribution and 10% university contribution, as well as the 403(b) Supplemental Retirement Account (SRA) and the 457(b) Deferred Compensation Plan. Attendees will gain a clear understanding of key features, contribution options (pre-tax and Roth), and strategies to make the most of these plans.