Charters and Public School Academies
Governmental Accounting Standards Board (GASB)
Charters and Public School Academies
Search is currently unavailable. Please try again later.
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.
If employees leave public school employment before becoming fully vested, they forfeit all or part of their employer contributions. Employer contributions are vested according to?their years of service. The vesting schedule is as follows:
| Years of Service | Percent Vested |
| After 1 year | 0% |
| After 2 years | 50% |
| After 3 years | 75% |
| After 4 years | 100% |
A year of service is defined as 1,020 hours in a school fiscal year.?