Filing Requirements

When is the Retirement System Annual Report (Form 5572) due?

Under the Act, the report is due annually six months after the end of the local government’s fiscal year.

My local government files their audited financial statements biennially and did not file an audit report this fiscal year. Do we still need to file the annual Retirement System Annual Report (Form 5572)?

Yes. As required by the Act, biennial filers are required to file the Form 5572 annually. Biennial filers will continue to use their most recent audited financial statement, which may be the same information as the previous year’s submission.

Where do I send the Retirement System Annual Report (Form 5572)?

The Form 5572 must be submitted electronically. The local government’s Chief Financial Officer (CFO), or their designee, should send a single email to LocalRetirementReporting@michigan.gov and attach the completed form. The subject line of the email should be in the following format: Retirement System Annual Report-20XX, Local Government Name (e.g. Retirement System Annual Report-2019, City of Lansing). Treasury will send a reply acknowledging receipt of the local official’s email.

The Act also requires the local government to electronically submit the report to its governing body. 

Does this information need to be made available to the public?

The Act specifies that the local government must post this information on its website or in a public place if the local government does not have a website. Treasury is also required to post a summary report of this information on its website.

Does the local government’s governing body need to approve the submission of the Retirement System Annual Report (Form 5572) before submitting it to Treasury?

No. However, the Act requires the local government to electronically submit the report to its governing body and post it on its website or a public place if the local government does not have a website.