Support Staff Policies & Procedures

Support Staff Policy & Procedure for Supplemental Retirement Plan

(Revised 01/11)


The University provides a voluntary Supplemental Retirement Program operated under section 403(b) and 403(b)(7) of the Internal Revenue Service (IRS) Code for eligible employees. This plan is funded entirely by employee contributions on a pretax basis.

Eligibility: An eligible employee working 50% time or more and for nine months or longer.

Effective date of benefit: Eligible employees may elect participation upon employment or any time during employment.

Summary of benefits:

  1. The benefit provides income during retirement and benefit payments to a beneficiary in the event of death prior to retirement.
  2. Contributions from the employee are paid into an individual contract between the employee and the investment sponsor:
    • AXA Equitable
    • Fidelity Investments
    • Lord Abbett & Co
    • The Vanguard Group
  3. Withdrawals are allowed on or after retirement, termination or resignation, regardless of age or length of service.
  4. In-service withdrawals are subject to IRS guidelines and are permitted under the following situations:
    • age 59 ½,
    • death, or
    • disability
  5. Loan options may be available with a particular investment sponsor. Please visit the Retirement section of the Human Resources website for specific information on loan options.
  6. The employee assumes sole responsibility for the selection of the investment sponsor and any investment results/tax consequences.

Premium contribution:

  1. The employee designates the amount of salary to be deferred.
  2. The maximum contribution level by the employee must be in accordance with Sections 402(g) and 415, as amended, of the IRS Code.
  3. Contributions are made on a tax-deferred basis. The deferred portion is not reported as earned income on the Employer's Statement of Earnings form (W-2) to the Internal Revenue Service.
  4. Supplemental contributions may be remitted to only one investment sponsor at any given time.
  5. Salary reduction amounts may be changed as often as once a month.

Distribution options:

If separated from service, employees may choose one or several of the following distribution options:

For a more detailed description of these and other distribution options available, contact the investment sponsor.

Termination date of benefit:


Application for enrollment:

Changes in coverage or personal information:

Refer questions to: 
MSU Human Resources (telephone 517-353-4434 or e-mail

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