The pension system shall be that of the Michigan Public School Employees' Retirement System administered by the Retirement Board.

For employees first employed on or after January 1, 1996, the University will contribute 10.55 percent of eligible wages to TIAA-CREF. Contributions will begin on behalf of the employee after two years of continuous employment or at age 35, whichever is sooner. Eligible employees include those hired into positions with an annualized full-time equivalent (FTE) of .5 or greater. Employees who are participants in the TIAA-CREF retirement program have the option of participating in the TIAA-CREF Matching Contribution Program, subject to the current provisions of the program.

Offer bargaining unit employees full benefit of the Retirement Benefit Plan as it applies to all non-represented University employees, under the severance pay program. The University agrees to offer the Retirement Supplemental Voluntary Program (RSVP) to all eligible members according to the provisions of the program.