The web Browser you are currently using is unsupported, and some features of this site may not work as intended. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer.
Public School Employees' Retirement System
The Michigan Office of Retirement Services (ORS) administers a Defined Benefit Plan, two hybrid plans, and a Defined Contribution Plan for public school employees. ORS also administers two retiree healthcare plans: the premium subsidy benefit and the Personal Healthcare Fund. Contact ORS if you’re not sure which plan you’re in. Access the retirement plan descriptions and member websites below.
Defined Benefit PlanYou're a member in the Defined Benefit (DB) retirement plan if you:
The DB plan has several benefit structures based on your original date of hire, including Basic, Basic 4%, Basic DC Converted, MIP, MIP Fixed, MIP Graded, MIP Plus, MIP 7%, and MIP DC Converted. |
|
Pension Plus PlanYou're a member in the Pension Plus retirement plan if you:
The Pension Plus plan is a hybrid plan that offers both a pension component and a savings component. |
|
Pension Plus 2 PlanYou're a member in the Pension Plus 2 retirement plan if you:
The Pension Plus plan is a hybrid plan that offers both a pension component and a savings component.
|
|
Defined Contribution PlanYou're a participant in the Defined Contribution (DC) retirement plan if you:
|
|
If you first worked on or after July 1, 2024
- The Defined Contribution Plan.
- The Pension Plus 2 Plan.
If you first worked between Feb. 1, 2018, and June 30, 2024
- The Defined Contribution (DC) Plan.
- The Pension Plus 2 Plan.
PickMiPlan