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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.
House Bill 6061 would amend the State Employees’ Retirement Act to automatically enroll newly-hired employees into a defined benefit plan, while also allowing current employees to transition to ...
In June 2013 the Michigan Education Association's health insurance division stated that it was owed $11 million in premiums from the Pontiac district, so it planned to end benefits for teachers of the district on July 31 of that year; according to a lawsuit settlement, taxpayers in the district were required to pay $7.8 million of it ...
Michigan law forbade the MEA from acting as an agent for its members, so when Henkel retired in 1960, it was decided that a separate non-profit corporation would serve this function, and Michigan Education Special Services Association (MESSA) was born. 10,000 MEA members were enrolled at the time.
The average salary for state classified employees, not including benefits, reached $72,821 in 2023, according to the latest annual workforce report prepared by the Michigan Department of Civil ...
“By signing this bill, we’re extending Social Security benefits for millions of teachers … and other public employees, and their spouses and survivors,” Biden said. “That means an ...
Eastern Michigan University Department of Special Education is among the oldest special education program in the United States. [citation needed] In 1923, the Michigan State Legislature passed bills that gave school districts state funds if they included and established special schools for disabled students: those of cognitive impairment, those of the deaf, those who were physically disabled ...
In another study, Equable Institute found that the total lifetime value of teacher pension benefits have declined by $100,000 on average (13%) since 2005. A teacher hired for the 2005 school year can expect to earn $768,000 in retirement benefits, where as a teacher hired for the 2023 school year can expect to earn $668,000. [19