The tables below provide pension data and supporting information for employers that participate in the retirement system. Employers use this information to comply with GASB 68.

Some of the data is used in employers' financial statements, including the Notes to Financial Statements and Required Supplementary Information (RSI).

Separate data tables are available for pension and other postemployment benefits (OPEB). Table 5 is used for both. The tables below are for pension. For OPEB data tables, use the Data tables tab on the GASB 75 OPEB page.

University and non-university employers have different pension liabilities and pension expenses. Non-university employers include K-12 districts, intermediate school districts, charter schools, public school academies, district libraries, and community colleges.

Each employer group has its own data tables. Be sure to use the tables for your employer group.

To find your data:

1. Download the tables you need.
   • Non-university employers use tables N1, N2, N3, N4, and N5.
   • University employers use tables U1, U2, U3, U4, and U5.
2. Find your Michigan Office of Retirement Services reporting unit number in each table. This number is different from your Michigan Department of Education organization number.
3. Use only the information in your reporting unit's row.

The tables include section labels that match the sections in your financial statements, notes, and RSI where you'll enter the data.

The sample language and templates show brackets where you need to insert information from the tables. For example, when you find [Table 1, Column D], enter the value from Column D in Table N1 or Table U1 for your reporting unit.

Tables 3 and 4 provide detailed information about the recognition of inflows and outflows of resources that appear in Tables 1 and 2.

Table 5 provides covered employee payroll for each employer as of the measurement date, Sept. 30 of the previous year, and the end of the school fiscal year, June 30 of the current year.

Tables N5 and U5 with retirement system FY 2025 and school FY 2026 covered employee payroll will be available soon.

Notes to financial statements

This page provides sample language for the Notes to Financial Statements section of each employer's financial statements for the fiscal year (FY) ending June 30 of the current year.

The sample language is based on Michigan Office of Retirement Services (ORS) data for the retirement system plan FY ending Sept. 30 of the previous year.

Information specific to the employer is shown in bold, italics, and brackets. This information may include the employer's name, such as [the employer], information from a previous year, or data from the data tables.

For example, if the sample note says [Table 1, Column C], enter the number from Column C in Table N1 or U1 for your reporting unit.

Summary of significant accounting policies

Include the following paragraph under the Summary of Significant Accounting Policies heading in your note disclosures.

Pension

To measure the retirement system's net pension liability, deferred outflows or inflows of resources related to pensions, pension expenses, and fiduciary net position, including additions to and deductions from that position, of the retirement system, the system uses the same basis as the official financial reports. 

Benefit payments, including refunds of employee contributions, are recognized when they are due and payable under the benefit terms.

Investments are reported at fair value.

Employer financial statements must include a section called Required Supplementary Information (RSI).

To comply with GASB 68, this section must include the two schedules and notes listed below.

The schedules provided are examples.

The schedules are designed to show 10 years of data. Use only the years you have data for until you have 10 years available.

Update these schedules each year. Add the current year's data and keep the previous year's data.

Once you have 10 years of data, remove the oldest year each time you add a new year. This keeps a rolling 10‑year history.

Sample Schedule of Employer's Proportionate Share of Net Pension Liability

This schedule requires information from Table 1, Schedule of Pension Amounts by Employer.

The sample schedule shows required information in italics and brackets, such as [Table 1, Column D].

To complete the schedule:

1. Use Table N1 or U1, Schedule of Pension Amounts by Employer, to complete rows A and B.
2. Use Table N5 or U5, Schedule of Covered Employee Payroll by Employer, Column BB, to complete row C.
3. Calculate row D by dividing by row B by row C.
4. The Michigan Office of Retirement Services (ORS) provides row E each year. Use the percentage for your employer group, either university or non-university. 

Each employer is responsible for providing its own contribution data.

This schedule reports contributions for the employer's fiscal year (FY), July through June, not the retirement system's FY. ORS doesn't provide this data.

Sample Schedule of Employer's Pension Contributions

To complete the schedule:

1. Enter the information for rows A and B. Include pension contributions only. Don't include health care contributions. The reporting period is July through June and includes contributions made after the measurement date of Sept. 30 of the previous year. 
2. Calculate row C by subtracting row B from row A.
3. Use Table N5 or U5, Column CC, to complete row D for covered employee payroll. Calculate row E by dividing row B by row D.

Note disclosure

Include the following statements in the Notes to Required Supplementary Information section of your financial statement.

Changes of benefit terms: There were no changes of benefit terms in FY 2025.

Changes of benefit assumptions: There were no changes of benefit assumptions in FY 2025.