RSVP Open Enrollment
The Retirement Supplemental Voluntary Program (RSVP) is a voluntary retirement program offered to eligible Michigan Tech employees. The enrollment period during which an employee may sign their RSVP election begins today (July 1) and ends Oct. 31.
Employees electing the monetary retirement option must retire on or before June 30, 2023. The monetary retirement option provides a benefit equal to 30% of the eligible employee’s annual salary (nine-month salary for faculty), up to the cap amount of $65,000 at the time of their actual retirement date.
For further clarification, please see the RSVP policy and the RSVP matrix, which explains the gradual phase-out of all RSVP options.
Prior to electing RSVP, employees must meet with the Benefits Office for a confidential meeting to verify eligibility. RSVP program information may be found online.
RSVP questions may be directed to Benefit Services at 906-487-2517 or benefits@mtu.edu.