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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 ...
LANSING — Gov. Gretchen Whitmer's 2025 state budget proposes adding about 588 full-time employees to the payroll and would bring the authorized state workforce to its highest level in more than ...
One of the most crucial benefits Michigan state employees used to be able to rely on was a pension. This provided a promise of guaranteed retirement income in exchange for our years of dedicated ...
In the United States, there is a standard of 26 weeks of unemployment compensation, known as "regular unemployment insurance (UI) benefits".As of December 2020, the U.S. has three programs for extending unemployment benefits: [1] Emergency Unemployment Compensation (EUC), Extended Benefits (EB), and Pandemic Emergency Unemployment Compensation (PEUC).
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.
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.
During the 2021–22 election cycle, an obstinately pro-government union majority took over Michigan’s state government after the four largest public employee unions spent $2.6 million to elect ...
The Michigan Strategic Fund would take over the State Land Bank Fast Track Authority from the Michigan State Housing Development Authority. [4] The Michigan Department of Talent and Economic Development came into existence on March 16, 2015 with the department's first director being Steve Arwood, concurrently CEO of the MEDC. TIA's first head ...