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The Michigan Public School Employees' Retirement System (MPSERS) collects and compiles employee wage, contribution, and service information from approximately 549 K-12 districts, 46 public school academy/charter schools, 7 universities, 28 community colleges, 55 intermediate school districts, and 10 libraries.
House Bill 5803 eliminates a 3% contribution Michigan public school teachers pay toward retiree health care benefits. It applies to teachers hired before Sept. 4, 2012 who are the only ones ...
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.
With the rapid rise in teacher retirements in Michigan, one could surmise a rise in gold watch sales will follow. Data released from the Michigan Public School Employees' Retirement System shows a ...
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 ...
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Michael P. Flanagan served as State Superintendent in Michigan from 2005 to July 2015. [1] Flanagan chairs the State Board of Education and is the Chief Executive Officer of the Michigan Department of Education. Michigan's State Superintendent advises the State Board of Education, the Governor, and the state Legislature regarding public ...
Whitmer officials argued that school districts will still have more money to spend in 2025 than they did in 2024, because their required contributions to the school employees' retirement plan will ...