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PA 3 amends MPSERS One Time Deposit payments

Michigan Office of Retirement Services sent this bulletin at 03/01/2023 07:00 AM EST

Effective Feb. 14, Public Act 3 of 2023 was signed into law, amending section 147c(2) to include a one-time distribution to eligible districts and other entities to pay down the state’s pension liability related to the operation of Section 81b of the Public School Employees Retirement Act (MCL 38.1381b). The amendment provides inclusion of both community colleges and libraries to also receive allocations.

Beginning in mid-March, ORS will invoice the first 147c(2) MPSERS One Time Deposit amount. The deposit will be invoiced from mid-March through mid-August under the Additional Retirement Contributions line of the employer statement with UAAL Rate Stabilization invoices. Two amounts will appear on your statement together as two different line items:

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Please ensure your banking institution will process payments of this size to avoid failed transactions and potential fees. If you have questions on your invoice or on making payment, please contact

For accounting guidance, please see the posted memorandum from the Michigan Department of Education (MDE). Questions regarding the accounting for Section 147c(2) funds may be directed to Christopher May with MDE at 517-335-1263 or

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