The employee pays all cost. Reduced benefits are available for early retirement. A pre-retirement death benefit is also available. To become vested in the Retirement Program, an employee must work for the university a total of five complete full-time years of service. UM provides this benefit at no cost to the employee.
Several options are available.
The employee pays all cost. A wide variety of annuity and investment companies are available. The employee makes all investments. In this program, employees may take up to 6 credit hours during fall and winter semesters and 3 credit hours during the summer semester at any of the 4 UM campuses at a substantial reduction in tuition costs. Top of the page Continuing Education Opportunities UM offers a variety of professional development opportunities that are available at a reduced cost to employees.