Updates to DC Feedback File for Employees in the Defined Contribution (DC) Plan

Michigan Office of Retirement Services sent this bulletin at 02/13/2018 04:03 PM EST

Michigan Office of Retirement Services - Message for Public School Employers

Updates to DC Feedback File for Employees in the Defined Contribution (DC) Plan

The Office of Retirement Services heard your concerns and updated the DC Feedback File for employees who were first hired on or after September 4, 2012 and are in the Defined Contribution (DC) Plan.

Some of your employees in the DC plan may have inaccurately shown a member DC deduction decrease from 6% to 3%. ORS has corrected the DC contribution amount to 6 percent and the change is now visible on your DC Feedback File. The effective date has not changed. Please review your DC Feedback File and update your payroll records as necessary.

If you have questions, please contact Employer Reporting at ORS_Web_Reporting@michigan.gov or 517-636-0166.

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

Please do not reply to this email. This mailbox is not monitored and you will not receive a response. For assistance, contact ORS_Web_Reporting@michigan.gov.

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.