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As a member of Michigan's Public School Employees Retirement System, you are eligible for one of the best public pensions around. We encourage you to explore this website (and ) to learn all about your pension plan. Your partners in planning.Throughout your working career, your employer takes care of your pension plan deductions, wage and service records, and plan contributions. Regular reports are sent to ORS to become part of your personal pension record. When it's time to retire, your employer hands off all your final records to ORS, and we become your partner in retirement. Take charge of your future.Don't wait! Learn all about your pension, and then develop a plan for retirement so that it is all you hope it will be. Click here to see why planning and saving is so important
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Do you want to learn more about your pension plan?
ORS is pleased to present the following new online tutorials:
- How you qualify for your pension
- How your pension is calculated
- How you can take payment of you pension
- How the Equated Plan works
Each tutorial runs between four and nine minutes and provides information you need to be more confident about your retirement decisions. View the tutorials.
Published on June 20, 2008
| Where are you?
In an effort to keep our records up-to-date and accurate, we are trying to contact inactive members who may not have a current address on file. If you previously worked for a Michigan public school and are not eligible to receive a pension, you may still have contributions on deposit because of that work and it is important that we have up-to-date contact information for you. See if your name is on our list of people we are attempting to contact.
Published on June 11, 2008
| March 2008 Connections is Published
The Office of Retirement Services is pleased to announce the publication of the
March 2008 issue of
Connections, our semiannual retiree newsletter.
Articles in this issue include:
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ORS Launches miAccount
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Message From the Director
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Ask an Expert
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ORS Implements Member IDs
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When to Contact ORS
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Financial Summary for Fiscal Year 2007
Please share your comments and suggestions with us so we can make Connections more valuable by sending an email to: ORSCustomerService@michigan.gov.
Published on March 14, 2008
| Retirement law changes
Public Acts 110 and 111, which were signed into law in October 2007, made the
following changes:
Published on March 7, 2008
| 2007 CAFR is Published
The 2007 Comprehensive Annual Financial Report (CAFR) for the Public School Employees Retirement System has been published.
Click
here to view the online version. For a printed copy please
contact us.
Published on January 17, 2008
| Southeast Michigan Office Reopens
ORS reopened its office in Detroit, Michigan on January 7, 2008. Walk-in customers are
welcome Monday through Thursday from 9:30 to 11:30AM - at the Cadillac Place,
3068 West Grand Boulevard, Suite 4-700. Please phone (313) 456-4010 before
visiting.
In addition to walk-in customer hours, staff in the Detroit office now offer
the, Ready, Set, Retire!! sessions for public school employees retiring within
the next 12 months. This optional counseling session will provide you with a retirement estimate and help
you complete the retirement
application forms. Ready, Set Retire!! group sessions are available Monday and
Wednesday afternoons from 3:30 to 5:30PM and Fridays from 9:30 to 11:30AM for a
maximum of 10 participants per session (spouses welcome).
Registration is required.
Published on January 11, 2008
| 2008 Insurance Rates for Public School Retirees
Insurance rates change every January. The new rates for 2008 will be included with January warrants and EFT statements. Click
here to view the new rates.
Published on December 13, 2007
| 2007 Annual Member Statements
Personalized 2007 Member Statements have been mailed to active members of the
Michigan Public School Employees Retirement System who were employed during the
2006-2007 school fiscal year.
For more information on the Member Statements, click here.
Published on October 18,2007
| New webinar offers help in completing retirement application forms
ORS is pleased to present our latest webinar: Completing Retirement
Application Forms. This 17-minute presentation walks you through each form
in the retirement application packet and answers the questions most commonly
asked.
View
a complete list of all webinars and seminars.
Published on June 20, 2007
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> Retirement Act: Public Act 300 The operation of Michigan Public Schools Employees Retirement System is controlled by the Public School Employees Retirement Act—Public Act 300 of 1980, as amended. | > Benefit Estimator Use our online Benefit Estimator to calculate an unofficial projection of your retirement pension. | > Retirement At A Glance This handy chart outlines the age and service credit you need to retire under the MIP or Basic Plan. | > Connections Read the latest Connections, the newsletter we deliver twice a year to our retirees. | > Comprehensive Annual Financial Reports (CAFRs) The Comprehensive Annual Financial Reports contain a wealth of interesting figures and statistics about the Michigan Public Schools Employees Retirement System. | > Preretirement Seminars This two-hour meeting is an opportunity for you to hear an overview of your retirement benefits so you can make informed decisions about your retirement and your future. | > Ready, Set, Retire!! Our Detroit office offers this optional two-hour session for members retiring this year who need a retirement estimate and help completing the retirement application packet.
| > Contact Us Find out how to reach ORS by mail, phone, visit, email, or fax. |
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