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The state employee system and the public school employee system administered by ORS make up 95 percent of all active plan membership in Michigan. ORS is responsible for the 18th largest public pension system in the United States and the 47th largest pension system in the world, managing combined net assets of nearly $67.8 billion.
In doing so, Reason Foundation said that transition could potentially inflate the state employee retirement services plan's unfunded liabilities from its current $5.4 billion to “well over $8 ...
The University of Michigan, founded in 1817–twenty years before Michigan's statehood–is the state's oldest university [1] [2] and remained the only university in the state until the 20th century, when Detroit College became the University of Detroit in 1911 and Wayne State University achieved "university" status in 1933 following the ...
Seminaries and theological colleges in Michigan (8 P) Pages in category "Private universities and colleges in Michigan" The following 31 pages are in this category, out of 31 total.
Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). [2]Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon ...
The Office of Retirement Services (ORS) administers defined benefit, defined contribution, hybrid, and deferred compensation retirement programs for Michigan's state employees, public school employees, judges, state police, and National Guard. Plans for over 550,000 public servants and their families, representing 1 in 9 Michigan households.
The college was one of 16 of the 28 community colleges in the state that were treating student works as students not as employees. [29] The state legislature issued a fix in Public Act 328 of 2018 which ended the dispute. It clarified that part-time student workers should not be in the state retirement system. [30]
Andrews University (Andrews) is a private Seventh-day Adventist university in Berrien Springs, Michigan.Founded in 1874 as Battle Creek College, it was the first higher education facility started by Seventh-day Adventists and is the flagship university of the Seventh-day Adventist school system, [4] [5] the world's second largest Christian school system.