Log in to miAccount this week to make your choice

Michigan Office of Retirement Services sent this bulletin at 10/22/2012 04:25 PM EDT

Member Reform Alert

October 22, 2012

Log in to miAccount this week to make your choice

You have important decisions to make for your retiree healthcare, regardless of how far away retirement is for you. It’s important that you log in to miAccount this week to research your options and make your choice.

What will you find in miAccount?
Personalized information. You can view an estimate of your healthcare contribution, your service credit total, a description of your current retiree healthcare plan, and more.

Calculators. If you think your final average compensation will change, or you want to input your own estimates for your years of service, you can use the contributions comparison calculator to see which option makes more sense for you. You can also estimate an early reduced pension under each of the four options, and estimate how much you’d have in your 401(k) or 457 account at retirement if you choose to save using a retirement investment account.

Frequently Asked Questions. What is the difference between the two options? If I stay with the premium subsidy and continue making the 3 percent healthcare contributions, what happens if I leave my job? Answers to these questions and more are available in the Frequently Asked Questions.

Having trouble logging in? If you’re having trouble logging in to miAccount, use the buttons on the right hand of the login page, or view our Getting Started in miAccount tutorial.

Are you waiting for more news on the temporary restraining order? ORS is encouraging members to carefully consider their options using the tools and information available in miAccount, and to make their elections by 5 p.m. Eastern Daylight Time on October 26, 2012.

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

Please do not reply to this email. This mailbox is not monitored and you will not receive a response. For assistance, log in to miAccount and correspond securely with ORS Customer Service Representatives. 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.