"As a new hired employee, you will be pre-enrolled in the 403(b) basic retirement plan with TIAA-CREF. The University contribution commences with the date of hire. The University contribution will be remitted to TIAA-CREF and invested in an age appropriate Lifecycle fund.  No employee contribution is required.

At any time you may change the investment fund option with TIAA-CREF, or you can elect to invest part or all of the university contribution with Fidelity Investments. You are strongly encouraged to discuss your retirement options with a TIAA-CREF and/or Fidelity Investments counselor; they are on campus every month. For additional information, visit http://www.cmich.edu/x14215.xml.

Current employees who are enrolled in their 403(b) University Basic Retirement Plan and want to change vendors can do so at anytime.

For details on the university's contribution to the 403(b) Basic Retirement Plan, please refer to the Retirement section in the appropriate employee group handbook or contract."