ORSSCHOOLS

Welcome

  • Your partners in planning

    New employee?
    If you first began working for a Michigan public school July 1, 2010 through September 3, 2012, you’re a member of the Pension Plus plan. Your website is www.mipensionplus.org. If you first began working for a Michigan public school on September 4, 2012, or later, you’re a member of either the Pension Plus plan or the Defined Contribution plan based on your election when you first started working. Contact your HR office if you need to review your election.

    Welcome to the ORS website for members of the Michigan Public School Employees Retirement System who began public school employment before July 1, 2010.

    Throughout your working career, your employer takes care of your pension plan deductions, wage and service records, and plan contributions. Regular reports are sent to ORS to become part of your personal pension record. When it's time to retire, your employer hands off all your final records to ORS, and we become your partner in retirement.

What's New

  • Form 1095-B Mailing

    Everyone enrolled in our retiree non-Medicare PPO health care plan (administered by Blue Cross Blue Shield of Michigan) at any time in 2016 will receive Form 1095-B in the mail from the Office of Retirement Services. The statements will begin mailing this week and wrap up no later than January 30th, 2017. You should receive the statement in 3-5 business days after it hits the mail. 

    Health Maintenance Organizations (HMOs) and Medicare are responsible for providing Form 1095-B to anyone covered by either of those entities at any time during 2016.

    Form 1095-B is a health coverage statement, required by the Internal Revenue Service (IRS). The form is used to report health coverage of individuals who meet minimum essential coverage standards to the IRS on income tax returns. It is your responsibility to make copies of the 1095-B form for your spouse and/or dependents. For specific guidance on information found on the 1095-B statement, contact your tax professional or the IRS.

    The IRS has published some general questions and answers about the health care reporting forms, including what to do with them.

    Published on January 25, 2017


  • New Tool Helps Retirees Who Are Returning to Work

    You can use the Pension Impact Estimator to determine what effect, if any, working after retirement has on your pension. This tool is designed so that you answer a series of questions and, at the end, receive an answer as to how your pension is impacted by your work. Use this tool before returning to work, or while you’re planning your retirement strategy. 

    working after retirement pension impact estimator

    Published November 14, 2016


  • State appeals ruling on PA 75 and 3% healthcare contributions

    On July 19, 2016, the state filed a formal request to the Supreme Court to hear an appeal of the Court of Appeals (COA) ruling on PA 75 and the 3 percent healthcare contributions for public school employees. In June 2016, the COA ruled that PA 75 was unconstitutional and ordered the refund of contributions that had been deducted from public school employees pay during the period the statute was in effect (2010 to 2012). In the meantime, the contributions at issue are being held in an escrow account pending a final decision of whether they should be applied to the healthcare trust, along with other member and employer contributions, to provide investment funding for retiree healthcare.


    Originally published July 20, 2016


Other Items of Interest

  • Retirement Act: Public Act 300

    The operation of Michigan Public Schools Employees Retirement System is controlled by the Public School Employees Retirement Act, Public Act 300 of 1980, as amended.

  • Connections Read the latest Connections, the newsletter we deliver twice a year to our retirees.
  • Comprehensive Annual Financial Reports (CAFRs) The Comprehensive Annual Financial Reports contain a wealth of interesting figures and statistics about the Michigan Public Schools Employees Retirement System.
  • Preretirement Seminars, Webinars, and Tutorials This two-hour meeting is an opportunity for you to hear an overview of your retirement benefits so you can make informed decisions about your retirement and your future.