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The Michigan State Police Retirement System provides benefits for enlisted police officers in the State of Michigan and is governed by a ten-member board. As of September 30, 2017, the system serves 1,777 active members, and 3,062 retirees and beneficiaries.
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 1963 Constitution requires that all permanent agencies or commissions, except universities, be assigned to one of a maximum of twenty principal departments. [1] The principal departments are the: [2] [3]
As of late July, the State of Michigan Retirement System had about $6.6 million invested in bitcoin, the most well-known form of cryptocurrency, said Ron Leix, a spokesman for the state treasury.
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The department, as the Department of Commerce, was formed in 1965 by Section 225 of the Executive Organization Act of 1965, 1965 PA 380, MCL 16.325.The Michigan Department of Licensing and Regulation was abolished with most responsibilities transferred to the newly formed Department. [1]
On January 17, 2013, Governor Rick Snyder ordered that the Office of Financial and Insurance Regulation (OFIR) be transfer out of the Michigan Department of Licensing and Regulatory Affairs to form a new principal department, the Michigan Department of Insurance and Financial Services, effective March 19, 2013. [3]