New legislation went into effect July 13, 2017. KNOW YOUR BENEFITS!
Letter from MISD to current employees on changes. Use the links articles below to get more information on your Retirement benefits.
Defined Benefit Plan Website You're a member in the Defined Benefit (DB) retirement plan if you:
- First worked for a Michigan public school before July 1, 2010,
AND
- You did not choose to switch to the Defined Contribution retirement plan under P.A. 300 of 2012.
Your retirement plan may be called Member Investment Plan (MIP) or Basic Plan
Pension PLUS Website You're a member in the Pension Plus retirement plan if you...
- First worked for a Michigan public school between July 1, 2010, and September 3, 2012.
- First worked for a Michigan public school on or after September 4, 2012 and you did not choose the DC plan.
DC Plan Website You may have a Defined Contribution Plan if.....
- First worked for a Michigan public school on or after September 4, 2012, and you chose the DC plan.
- Began your Michigan public school employment under the DB plan and chose to transfer to the DC plan under P.A. 300 of 2012.
DC Plan Flyer
http://www.michigan.gov/ors
