@media screen and (max-width: 550px){ .splitCol.col_3.NONE{ display: inline-block; clear:both !important; } } Sometimes mistakes happen in the rush to submit documents before your retirement effective date, which require time and attention to resolve. The time needed to correct errors could delay your first pension check or insurance e
Your eligible dependents may receive health, dental, and vision insurance. Your spouse is an eligible dependent to be covered. If he or she is also a public school retiree, you will be covered together under one contract.
Effective July 1, 2013, Prudential will no longer accept new applications for long-term care. For questions about your long-term care insurance through Prudential, call (800) 732-0416, or visit the Prudential website. For questions about your long-term care insurance through MetLife, call
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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 your human resources office if you need to review your election. Access the retirement plan descriptions and member websites below.
Retirement Plan Descriptions and Links |
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Defined Benefit PlanYou're a member in the Defined Benefit (DB) retirement plan if you:
The DB plan has several benefit structures, including Basic, Basic 4%, Basic DC Converted, MIP, MIP Fixed, MIP Graded, MIP Plus, MIP 7%, and MIP DC Converted. |
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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 Defined Benefit and DC components. |
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Pension Plus 2 PlanYou're a member in the Pension Plus 2 retirement plan if you:
The Pension Plus 2 plan is a hybrid plan that offers both Defined Benefit and Defined Contribution components. |
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Defined Contribution PlanYou're a participant in the Defined Contribution (DC) retirement plan if you:
Your benefits consist of 401(k) and 457 investment accounts and a Personal Healthcare Fund for retiree healthcare costs. |
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As a new member of the Michigan Public School Employees' Retirement System, you have a decision to make for your future retirement plan. You have 75 calendar days from your first payroll end date to decide which retirement plan best meets your needs:
The Pension Plus retirement plan, or
The Defined Contribution retirement plan.
Check with your employer if you haven't already received the New Hire Retirement Plan Election (R0940C) form. This document includes the election form and details about each retirement plan to help you decide which plan is best for you. You can get full details about your plan options at PickMiPlan.
If you do not meet the deadline, you will remain enrolled in the Pension Plus plan.
Once you submit your election form or the deadline passes, you will not be able to change your retirement plan.
As a new member of the Michigan Public School Employees' Retirement System, you have a decision to make for your future retirement plan. You have 75 calendar days from your first payroll end date to decide which retirement plan best meets your needs:
The Pension Plus 2 retirement plan, or
The Defined Contribution (DC) retirement plan.
Check with your employer if you haven't already received your welcome letter in the mail. This letter includes information about your retirement plan options and how to make your retirement plan election. You can get full details about your plan options at PickMiPlan.
If you do not meet the deadline, you will become a participant in the DC plan.
Once you submit your election in miAccount or the deadline passes, you will not be able to change your retirement plan.