ORSSCHOOLS - Your Member Statement

ORS Public School Employees Retirement System

Michigan.gov, Official Web Site for the State of Michigan

Michigan.gov Home	ORS Home \| Public Schools Home \| Site Map \| Contact ORS \| Glossary


>	Membership

>	MIP or Basic

>	Contributions

	Your Account

	Your Member Statement


>	Leaving School Employment

>	Qualifying for Your Pension

>	Estimating Your Pension

>	Earning Service Credit

>	Adding to Your Service Credit

>	Disability Benefits

>	Your Insurance Benefits

>	Beneficiary/Death Benefits

>	Retirement At A Glance

Printer Friendly Text Only Version

Text Version

Share this link:

Your Member Statement

Glossary of Terms

Access your Member Statement in miAccount to review your wage, service credit (earned, pending, and purchased), interest, and contribution details.

To learn more about your retirement plan, explore the about your plan and service credit sections.

Review the frequently asked questions below or use this chart to direct your questions.

Who to Contact

Question(s) or Correction(s)

Office of Retirement Services	Service credit account totals Contributions and interest account totals Beneficiary information
Your Payroll Office	Name and or address changes Tax-Deferred Payment (TDP) Agreement Information Date of birth changes Wage information Fiscal year totals

Click a link to jump to frequently asked questions located below.

Reprinting Your Member Statement
Wages and Employer Information
Service Credit and TDP Information

Reprinting your Member Statement

Can I get a copy of statements from past years?

No, we cannot provide you with previous years statements. However, you can view and print a breakdown of your service when you log into miAccount and click on the Service Credit tab.

Wages & Employer Information

1.	*I earned more than what is reported on my Member Statement. Why is there a difference?*
	You may have earned compensation that is not reportable for retirement purposes. These earnings would not be credited in the calculation of your FAC or used to calculate the cost of service credit. For example, wages, annual leave, sick leave, merit pay, longevity, and overtime pay are types of income reported to ORS. However, bonus payments, sabbatical wages, and expense payments are examples of income not reported to us. If you have questions about what was reported, contact your employer. Back to Top
2.	I worked for more than one employer during the fiscal year. Do my wages reflect my earnings from all my employers?
	Yes. Wages reported in your Member Statement reflect your earnings from all employers during the fiscal year, including any employers not listed on your statement. Back to Top

Service Credit and TDP Information

1.	I worked over 1,020 hours. Why wasn't I credited for a full year of service?
	Your employer reports all wages and hours to ORS. However, there are legislative limits to the amount of service we can credit in a period. For example, we cannot credit more than 60 hours if you're paid biweekly; 396 hours/quarter, or 1,020 hours/year. You may have worked your hours faster than the law allows us to credit service. Back to Top
2.	I am currently repaying a refund of contributions so I can restore service credit. Is the time I'm buying reflected anywhere on this statement?
	The service credit that you are repaying is not reflected in your statement because no service credit is granted until the refund is repaid in full. However, if you are repaying your refund of contributions with a Tax-Deferred Payment (TDP) agreement, any activity on your agreement (including the service that will be credited once the repayment is paid in full) is reflected. Back to Top
3.	*Does the total* amount include all of the service credit I've purchased?**
	Yes, if you are vested (have more than 10 years of service). If you are not yet vested, purchased service is listed as pending. Back to Top
4.	The amount I've paid on my TDP agreement doesn't seem to match what's listed. How can I verify this?
	To verify the amount you have paid on a TDP agreement, contact ORS. If you have established an agreement and deductions have not started, please contact your employer. If you participate in the Tax-Deferred Payment (TDP) program to purchase service credit, your service credit will be included after ORS receives the final payment. Back to Top
5.	Why was interest charged to my TDP agreement?
	If your TDP agreement was established on or after January 1, 2004 and has been in effect for one full year, you are charged eight percent interest annually on the balance as of June 30 until your agreement is paid in full. Back to Top

The retirement plan information that appears on this website is intended to summarize basic provisions of Public Act 300 of 1980, 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.