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ORS Public School Employees Retirement SystemMichigan.gov, Official Web Site for the State of Michigan
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Tax-Deferred Payments (TDP) Calculators

Calculating your TDP deduction. Determine how long it will take to pay off your TDP with the calculator on the left. Use the calculator on the right to determine your payment amount. Use your Member Billing Statement to determine the cost to buy service.

How long it will take to pay off your TDP agreement

 

Determine your payment amount
Cost to buy service: 

Cost to buy service: 
Payment amount: 

Number of years to pay off: 
Number of payments to pay off:  Payment amount: 
Divide the number of payments by your number of pay periods per year to see how many years it would take to pay off your agreement. This amount is based on 21 pay periods and factors in 8 percent interest applied to your balance on June 30 each year.
           




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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.



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