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From the Director
Phil Stoddard
ORS Director |
On this website, you'll find plan-specific information and resources to help you make sound retirement decisions. I encourage you to explore the website, and to take advantage of all the tools and links you find. At ORS, we care about your secure financial future and will do all we can to help you. But, you are responsible for building up a nest egg big enough to support yourself, and perhaps your family, in retirement. Regardless of your life stage, have a retirement goal and make a plan to meet that goal. Follow your plan. Revisit it regularly and adjust it whenever your circumstances -- financial or personal -- change. A happy and healthy retirement is our wish for our customers. Please let us know how we can improve our services. Click the Contact Us link at the top of this page, or to send us comments about our website, click on Website Feedback at the bottom. |
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About ORS
| The Office of Retirement Services administers retirement programs for Michigan's
state employees, public school employees, judges, state police, and National Guard.
ORS serves over 530,000 customers including approximately 278,000 active, and 256,000
retired members representing approximately one out of every fourteen Michigan adults,
including customers living in approximately one out of every nine Michigan households.
Within these systems, ORS administers four defined benefit pension plans, two
defined contribution pension plans, and one defined benefit plus a defined contribution
plan with combined net assets of nearly $50.54 billion. ORS is responsible for the 16th
largest public pension system in the US and the 48th largest pension system in the world.
In fiscal year 2012, ORS paid out over 6.65 billion in pension and health benefits
ORS is a division of Michigan's Department of Technology, Management and
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Honors
- Won the Public Pension Standards 2010 Award by the Public Pension
Coordinating Council for meeting standards for public retirement system
management and administration.
- Awarded the 2009 Leadership Recognition Award for plan design and
administration of Michigan's Roth 401(k),from the National Association
of Government Defined Contribution Administrators (NAGDCA).
- Listed in the Information Technology Ideas and Noted Practices
report of Cost Effectiveness Measurement, Inc. for our highly
formalized testing process.
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