New law has no effect on your pension and healthcare

Michigan Office of Retirement Services sent this bulletin at 07/13/2017 02:15 PM EDT

Michigan Office of Retirement Services

Dear Friend ,:

You may have heard about new legislation that impacts the Michigan Public School Employees' Retirement System. Public Act 92 of 2017 was signed into law today. Since you are already retired, this legislation doesn’t affect your pension or healthcare benefits.

For details about the changes for current and newly hired employees, you can read our Legislative Summary, or you can review PA 92 of 2017 (SB 401).

Thank you for keeping your email up-to-date with us so you can receive timely updates about your insurance benefits, your 1099-R tax document, and your pension payments. If you need to update your email address in the future, log in to miAccount at www.michigan.gov/orsmiaccount.

Sincerely,

Office of Retirement Services

State of Michigan | Department of Technology, Management & Budget | Office of Retirement Services
P.O. Box 30171 | Lansing, MI 48909-7671 | www.michigan.gov/orsschools

Please do not reply to this email. This mailbox is not monitored and you will not receive a response. For assistance, log in to miAccount and correspond securely with ORS Customer Service Representatives.

The retirement plan information that appears in this email is intended to summarize basic provisions of Public Act 300 of 1980, as amended. Current laws, rates, and factors are subject to change. Should there be discrepancies between the information reflected here and the actual law, the provisions of the law govern.