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Welcome

Welcome to the ORS website for state of Michigan employees who are in the Defined Benefit plan. (Not sure if you're in the Defined Benefit or 401(k) Defined Contribution plan? Click here).

We encourage you to and come back often for important information.


FAQs
  1. What are ORS office hours?
  2. When will my pension payment arrive?
  3. What is the difference between the Defined Benefit and Defined Contribution plans?
  4. When can I retire?
  5. How much will I get?
  6. What does "buying time" mean?
  7. Can I get a refund or borrow from my account?
  8. What does my survivor need to do when I die?
  9. I am ending my employment with the state. Can I get a benefit?
 
>  NONE

What's New
401(k)/457 Plans Investment Changes

Effective June 30, 2008, ten new SsgA Target Retirement Asset Allocation funds will replace the three existing asset allocation funds in the state of Michigan 401(k) and 457 plans. The default investment fund will change to the new SsgA Target Retirement Asset Allocation funds for participants who have never elected an investment option. The investment fees for the new funds will be 25 basis points, a 50 percent reduction from the current asset allocation funds.

All plan participants were notified of these changes by mail in May 2008. Click on New Investment Options or visit the CitiStreet website for a full description of these changes.

Published on June 19, 2008


Where are you?

In an effort to keep our records up-to-date and accurate, we are trying to contact inactive members who may not have a current address on file. If you previously worked for the state of Michigan and are not eligible to receive a pension, you may still have contributions on deposit because of that work and it is important that we have up-to-date contact information for you. See if your name is on our list of people we are attempting to contact.

Published on June 11, 2008


March 2008 Connections is Published

The Office of Retirement Services is pleased to announce the publication of the March 2008 issue of Connections, our semiannual retiree newsletter.

Articles in this issue include:

  • ORS Launches miAccount

  • Returning to Work?

  • Message From the Director

  • Ask an Expert

  • ORS Implements Member IDs

  • When to Contact ORS

  • Financial Summary for Fiscal Year 2007 

Please share your comments and suggestions with us so we can make Connections more valuable by sending an email to: ORSCustomerService@michigan.gov.

Published on March 14, 2008


Reviewing Your Member Statement

Beginning the week of February 18, 2008, Member Statements were mailed to all active members of the State Employees Retirement System. Your Member Statement shows your account activity for the fiscal year ending September 30, 2007, including service credit earned and any purchased, and contributions and interest. Click here for more information about your Member Statement.

Published on February 4, 2008


2007 CAFR is Published

The 2007 Comprehensive Annual Financial Report (CAFR) for the State Employees Retirement System has been published. Click here to view the online version. For a printed copy please contact us.

Published on January 17, 2008


Southeast Michigan Office Reopens

ORS is reopening its Detroit, Michigan office on January 7, 2008. We will welcome walk-in customers Monday through Thursday from 9:30 to 11:30AM - at the Cadillac Place, 3068 West Grand Boulevard, Suite 4-700. Please phone (313) 456-4010 before visiting.

Published on January 4, 2008


2002 Early Out Sick Leave Payments Ending

In October approximately 2000 of the 2002 Early Out retirees received the last installment of their sick leave payout.

Also, The November 1 payment will be the final installment for approximately 2,500 additional 2002 Early Out retirees.

There are a few remaining 2002 Early Out retirees who will continue to receive installments through February 2009 because of extended retirement dates.

More information about 2002 Early Out Sick Leave Payments

Published on November 1, 2007


Public Act 95 of 2007

Public Act 95 of 2007 requires that retirees of the State Employees Retirement System returning to work for the state of Michigan on or after October 1, 2007, must forfeit their pensions for the duration of their reemployment. For more information click here or refer to PA 95 on the Michigan Legislature website.

Published on October 24, 2007


2007-2008 Insurance Rates

Retiree insurance rates for 2007-2008 are available on the Employee Benefits Civil Service website. The new insurance rates are effective October 1, 2007. Visit the Civil Service website and then look under 2007-2008 Insurance Rates. Other information that may be of interest to you on the Civil Service website are the newsletters and bulletins and the Retirees' State Health Plan book.

Published on September 5, 2007


Temporary Layoff Information

Section 38.1c of the State Employees Retirement Act defines a "designated temporary layoff" as a layoff "that does not exceed one month and has a fixed, predetermined, and announced recall date." If temporary layoffs are implemented in your department, it will have the following effect on your Defined Benefit plan pension.

Accumulation of Service Credit: You will earn service credit for temporary layoff hours as if you have worked those hours.

Pension Calculation: Your pension is calculated based on the average of your highest three consecutive years of earnings with the state. This is called your final average compensation, or FAC.

Section 38.1e(1) of the Retirement Act states that an employee's FAC includes "the value of the hours not worked calculated at the member's hourly rate or rates of pay in effect immediately before the applicable final average compensation period."

For example, if your three-year FAC period included three temporary layoff days, the Office of Retirement Services would go back and pick up three days immediately prior to the three-year FAC period to provide you with a full three years of compensation to calculate your FAC amount.

Visit the Department of Civil Service website for a further explanation of any layoff provisions.

Published on May 2, 2007






Link to Department and Agencies Web Site Index
Link to Statewide Online Services Index
Link to Statewide Web-based Surveys
Link to RSS feeds available on this site
Retirees, you are a few clicks away from miAccount, a secure section of our website where you can view and print your pension payment statements, change your mailing address, update your tax withholding, print your 1099R and more!
Go to miAccount now!

If you are currently working, check back in a few months for web services designed especially for your needs.

CitiStreet — Manage Your Account Online
PROactive - Active Member Newsletter, Right Nav image
Connections Newsletter
CAFRs
Retirement Act


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