Types of Service Credit
Rounding Out Your Retirement Plans
When your retirement application is processed, we forward your insurance information to the health, prescription drug, dental, and vision insurance carriers. You should receive insurance identification cards and materials a few weeks after your pension begins.
As a retiree, your state-sponsored life insurance continues for you and your dependents at no charge to you. Your coverage is 25 percent of the coverage you carried when you left work; your dependents' policies are capped at $1,000 each.
To view Long-Term Care Insurance (LTC) plan details, visit the Employee Benefits Division of the Michigan Civil Service Commission under Retiree Eligibility. If you previously enrolled in a state-sponsored LTCI plan with LifeSecure, Prudential or MetLife, you can call the vendor directly. For the LifeSecure Indiv
Eligible dependents for health, dental, and vision insurance plans include your spouse (as long as he or she is not also separately enrolled as an eligible state employee or retiree) and your unmarried children by birth, legal adoption, or full legal guardianship.
The Benefits for Life, the retiree-paid, optional coverage program offered through the state of Michigan offers you the opportunity to apply for coverage in key benefit areas. These offerings do not replace your state-sponsored benefit plans. Instead, the program offers additional financial protection with premiums payable through the convenience of pension deduction. Because the plans are optiona
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You can look forward to a fixed 3% increase in your pension payment amount (not to exceed $25 per month or $300 annually) beginning the second October after your retirement effective date. For example, if your retirement effective date is Dec. 1, 2023, your first increase will be in October 2025.
Your post-retirement increase doesn't compound, but it does accumulate. So, assuming you're eligible for the maximum increase, every October you can expect $25 more per month than you received during the previous year.
| Example of a Post-Retirement Increase |
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Mr. Garcias retired Dec. 1, 2023, with a monthly pension payment of $1,200. Beginning October 2025 (the first October after he's been retired a full year) he'll begin receiving an additional $25 per month. (Though 3% of $1,200 is $36, the post-retirement increase is capped by law at $25 per month.) The first October, Mr. Garcias will receive $1,225 ($1,200 + $25). The next October, Mr. Garcias will receive $1,250 ($1,200 + $25 +$25). The third October, Mr. Garcias will receive $1,275 ($1,200 + $25 +$25 +$25), and so on. |