Employer Contributions for Basic and MIP DC Converted Employees

Michigan Office of Retirement Services sent this bulletin at 08/31/2018 02:15 PM EDT

Michigan Office of Retirement Services - Message for Public School Employers

DC Feedback file records for Basic and MIP DC Converted Employees

The DC Feedback File received today does not accurately reflect the employer contribution rate that goes into effect for records with a begin date on or after September 1 for Basic DC Converted and MIP DC Converted employees only.

Until you receive notice of the corrected DC Feedback File, use the chart below to determine the correct employer contribution rates for your Basic DC Converted and MIP DC converted employees for records with a begin date on or after September 1, 2018.


	Employee Contributions	Employer Contributions	Additional Information
Employees with Premium Subsidy healthcare	3% auto-enrolled DC (unless they already contribute 3% or more)	4% mandatory employer contributions into 401(k) Plan Up to 3% DC matching employer contributions	This employee group will begin to participate in the Small Steps Campaign.
Employees with Personal Healthcare Fund (PHF)	First 2% into the PHF plan, then 3% auto-enrolled DC (unless they already contribute 5% or more)	4% mandatory employer contributions into 401(k) Plan 2% into the PHF plan Up to 3% DC matching employer contributions	This employee group is already participating in the Small Steps Campaign.

ORS will send you notification once the corrected DC Feedback File becomes available.

If you have any questions related to reporting, email Employer Reporting at ORS_Web_Reporting@michigan.gov.

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.