Search results
Results from the WOW.Com Content Network
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.
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 ...
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 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 ...
In many states, public employee pension plans are known as Public Employee Retirement Systems (PERS). Pension benefits may or may not be changed after an employee is hired, depending on the state and plan, as well as hiring date, years of service, and grandfathering. Retirement age in the public sector is usually lower than in the private sector.
Earlier this month, General Motors (G.M.) notified the Michigan Department of Labor and Economic Opportunity (LEO) that it planned to lay off more than 1,000 of its Michigan employees in 2024 ...
Learn about all the AOL plans designed to keep you and your data protected. We offer mobile and data security, premium technical support, and protection from identity theft, viruses, malware and other online threats.
State Officers Compensation Commission, responsible for setting salaries for Governor, Lieutenant governor, Supreme court justices, and Legislators with the seven Commissioners appointed by the Governor [1]