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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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Use miAccount today!
Published on February 5, 2010
| Governor Announces Reform Plan
The Governor has recently proposed a series of reforms related to retirement.
As more information becomes available, we will share the details on this
website, which will be the official place for the latest news regarding the
governor's proposal. Please feel free to check back for updates.
View the Retirement Incentives for State Government and Public School Employees.
If you need to review your service credit, estimate your pension, and/or apply
for retirement,
log into miAccount.
Published on January 29, 2010
| New Prescription Drug Provider for Public School Retirees
Effective January 1, 2010, prescription drug claims for public school retirees enrolled in the Blue Cross Blue Shield health care plan will be processed by Catalyst Rx. You may still use the same retail and mail order pharmacies you used in the past and your existing prescriptions will transfer over to Catalyst Rx. To fill a prescription, simply present your BCBSM ID card to your pharmacy or mail order provider. If you have questions, call Catalyst Rx toll-free at (866) 288-5209.
Published on January 22, 2010
| 2010 Insurance Rates for Public School Retirees
Insurance rates change every January. The new rates for 2010 will be included with January warrants and EFT statements. View the new rates now.
Published on December 15, 2009
| October 2009 Connections is Published
The Office of Retirement Services is pleased to announce the publication of the
October 2009 issue of
Connections, our semiannual retiree newsletter.
Articles in this issue include:
Published on October 6, 2009
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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. | > 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 assistance with the retirement application forms. |
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