New law affects community college part-time students reporting and payroll growth assumptions

Michigan Office of Retirement Services sent this bulletin at 01/02/2019 04:24 PM EST

Michigan Office of Retirement Services - Message for Public School Employers

January 2, 2019

On 12/27/2018, Governor Snyder signed Public Act 512 of 2018, which affects the reporting of community college part-time students’ employees and payroll growth assumptions that affect contribution rates.

ORS is developing implementation plans and will keep you updated as further information becomes available.
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/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.