Michigan Office of Retirement Services information
The Michigan Office of Retirement Services (ORS) administers retirement programs for Michigan's state employees, public school employees, judges, state police, and National Guard. ORS also provides various retiree healthcare benefits, including traditional insurance plans, Personal Healthcare Funds, and Health Reimbursement Accounts. ORS serves over 530,000 customers (approximately 227,000 active and 281,500 retired), representing one out of every fourteen Michigan adults. ORS customers live in approximately one out of every nine Michigan households. The state employee system and the public school employee system administered by ORS make up 95 percent of all active plan membership in Michigan. ORS is responsible for the 18th largest public pension system in the United States and the 47th largest pension system in the world, managing combined net assets of nearly $67.8 billion. In fiscal year 2017, ORS paid out over $7.3 billion in pension and health benefits.[1] According to the Pensionomics 2016 report from the National Institute on Retirement Security, pensions paid to Michigan retirees generated $11.1 billion in total spending in the state of Michigan.[2] A Pew study ranks ORS in the top ten state pension systems for paying the highest percentage of their annual required contribution for pension plans, which demonstrates a commitment to fiscal responsibility.[3] ORS is a division of Michigan's Department of Technology, Management, and Budget (DTMB).
^"About ORS". Michigan Office of Retirement Services. Michigan.gov. Retrieved 30 August 2013.
^"Pensionomics 2016 - Michigan" (PDF). National Institute on Retirement Security. Retrieved March 20, 2018.
^"The Trillion Dollar Gap: Underfunded state retirement systems and the roads to reform" (PDF). The Pew Center on the States. Retrieved 24 September 2013.
and 24 Related for: Michigan Office of Retirement Services information
rocket SPARK (rocket) ORS-5, a satellite launched in 2017 MichiganOfficeofRetirementServices, United States ISO 639:ors or Orang Seletar language, native...
complaint of "fraud, waste and abuse" on March 4, 2017. The MichiganOfficeofRetirementServices started its own investigation and found the college could...
acquisition of two buildings on Green Street. Warwick received a $50 million commitment to its residential platform from the MichiganOfficeofRetirement Services...
American financial services company that provides financial recordkeeping, tax-advantaged savings and retirement plan services. As of 2024, the company...
Mandatory retirement also known as forced retirement, enforced retirement or compulsory retirement, is the set age at which people who hold certain jobs...
Corporation was a bank holding company based in Detroit, Michigan. The current incarnation of the company was formed by a 2019 merger between the former...
ofMichigan since 2019. A member of the Democratic Party, she served in the Michigan House of Representatives from 2001 to 2006 and in the Michigan Senate...
managed care health care organization based in West Michigan. It merged with Beaumont Health of Metro Detroit in 2022 to form Corewell Health. Spectrum...
Aramark is an American food service and facilities services provider to clients in areas including education, prisons, healthcare, business, and leisure...
The Health and Retirement Study (HRS) is a longitudinal survey of a representative sample of Americans over age 50 conducted by the Survey Research Center...
States Coast Guard Historian's Office: Flags, Logos, Pennants, Seals & Streamers Of the Coast Guard & Its Predecessor Services Williams, Dion (1918). Army...
on Ukraine Seeks Retirement Help Only Biden Can Offer". Newsweek. "Creation of Atrocity Crimes Advisory Group for Ukraine". Officeof Global Criminal Justice...
election in Michigan will be held on November 5, 2024, to elect a Class I member of the United States Senate to represent the state ofMichigan. It will...
The city of Detroit, Michigan, filed for Chapter 9 bankruptcy on July 18, 2013. It is the largest municipal bankruptcy filing in U.S. history by debt,...
local members of city council. While there is no maximum age limit or point of forced retirement—other countries like Canada enforce retirement ages on judges...
from Michigan's 13th congressional district since 2023. A member of the Democratic Party, Thanedar served as a member of the Michigan House of Representatives...
7 ha) of meadow, marsh, and woodland in rural Michigan in 1994. They were married on August 13, 2002. In 2014, the University ofMichigan's The Michigan Engineer...
restaurants, office space, and residences. The hospital is the last Kirkbride Building of the original four still standing in Michigan. It was listed...
Bill (June 24, 2018). "Ford's Michigan Central Station office workers will still see and hear hundreds of thousands of train cars". Crain's Detroit Business...
House of Representatives elections in Michigan will be held on November 5, 2024, to elect the 13 U.S. representatives from the state ofMichigan, one from...
wealth management, and retirementservices. Alerus Financial's history dates back to August 29, 1879, with the formation of the Bank of Grand Forks by Mr....
Global Information