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ORS: Office of Retirement ServicesMichigan.gov, Official Web Site for the State of Michigan
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Public School Retirement Plans

ORS administers three different types of retirement plans for public school employees: a Defined Benefit (DB) plan, a Pension Plus (hybrid) plan, and a Defined Contribution (DC) plan. Use the information below to determine which plan(s) you belong to, and to link to the website for that plan.



Take me to the DB website Take me to the DC website Take me to the DC website

You're a member in the Defined Benefit (DB) retirement plan if you:

  • First worked for a Michigan public school before July 1, 2010,


  • AND

  • You did not choose to switch to the DC retirement plan under P.A. 300 of 2012.


 

You're a participant in the Defined Contribution (DC) retirement plan if you:

  • First worked for a Michigan public school on or after September 4, 2012, and you chose the DC plan.


  • Began your Michigan public school employment under the DB plan and chose to transfer to the DC plan under P.A. 300 of 2012.

 

You're a member in the Pension Plus retirement plan if you:

  • First worked for a Michigan public school between July 1, 2010, and September 3, 2012.


  • First worked for a Michigan public school on or after September 4, 2012 and you did not choose the DC plan.

 


You're a member of the DB retirement plan AND a participant in the DC retirement plan if you:
  • First worked for a Michigan public school before July 1, 2010, AND
  • You chose to switch to the DC retirement plan under P.A. 300 of 2012

If you first worked on or after September 4, 2012

As a new member of the Michigan Public School Employees Retirement System, you have a decision to make for your future retirement plan. You have 75 calendar days from your first payroll end date to decide which retirement plan best meets your needs:

The Pension Plus retirement plan, or
The Defined Contribution (DC) retirement plan.

Check with your employer if you haven't already received the New Hire Retirement Plan Election (R0940C) form. This document includes the election form and details about each retirement plan to help you decide which plan is best for you.

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The retirement plan information that appears on ORS websites is intended to summarize basic provisions of Public Acts 300 of 1980, 240 of 1942, 182 of 1986, and 234 of 1992, as amended. Current laws, rates, and factors are subject to change. Should there be discrepancies between the information reflected here and the actual law, the provisions of the law govern.



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