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Office of Retirement Services: School Employees | DTMB
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Basic DB Plans – At a Glance

Here is an overview of the Basic benefit structures. If you're unsure of your benefit structure or retiree healthcare plan, you can find out by logging in to miAccount. Click on any of the subjects for more details:

Basic Plan - At A Glance

  Basic Basic 4% Basic DC Converted
Membership Members who did not elect the MIP plan during the MIP enrollment periods or did not work after December 31, 1986 Members who did not elect the MIP plan during the MIP enrollment periods or did not work after December 31, 1986 and chose the 4 percent contribution rate beginning February 1, 2013* Members who did not elect the MIP plan during the MIP enrollment periods or did not work after December 31, 1986 and chose to convert to DC plan on February 1, 2013*
Vesting 10 years DB: 10 years

DC: 4 years
Pension
Factor
1.5% up to 2/1/2013
and
1.25% after 2/1/2013
1.5%

or

1.5% up to 30 years and
1.25% after 30 years
1.5%
DB Pension
Contributions
None 4% None
Eligibility 55 with 30

60 with 10

55 with 15 (with stipulations)
FAC period 60 months
Retiree
Healthcare
Premium Subsidy or

Personal Healthcare Fund (PHF)
Nonduty
death benefit
eligibility
15 years if member under age 60 at time of death

10 years if member 60 or older at time of death

*The date your plan changes took effect was based on your transition date. The exact date depends on your school district's payroll cycle.




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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