Fiscal Year 2018-2019 Contribution Rates now posted

Michigan Office of Retirement Services sent this bulletin at 04/16/2018 08:34 AM EDT

Michigan Office of Retirement Services - News for Employers

Fiscal Year 2018-19 Contribution Rates

The member and employer contribution rates due on members' wages paid between October 1, 2018 and September 30, 2019 are now available on the Contribution Rates page of the Employer Information website. The rates apply to K-12 school districts, intermediate school districts, charter schools, public school academies, community colleges, and district libraries.

For a description of what each of the elements of the contribution rates entail, please see Employer Contribution Rates: Terms, Definitions and Descriptions, also found on the Contribution Rates page on the Employer Information website.

When using a contribution rates table, please ensure that you have the correct table for your employer type (non-university employer or university employer) and the correct effective date.

If you have any questions, please contact ORS_Web_Reporting@michigan.gov or 517-636-0166.

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.