The Michigan Legislature recently passed SB 401 and Gov. Rick Snyder signed PA 92, a series of changes to the law pertaining to the Michigan Public School Employee Retirement System (MPSERS). While most of the changes impact new hires, there is a provision regarding service credit that will affect many current school employees. The Office of Retirement (ORS) has put together a series of 27 FAQ’s related to the MPSERS changes in PA 92 and we encourage members to take a look at them. They can be found here.
If you have further questions, please contact MASA Associate Executive Director for Government Relations Peter Spadafore at email@example.com.