Fiscal Year 2018-2019 Contribution Rates go into effect October 1

Michigan Office of Retirement Services sent this bulletin at 09/19/2018 03:22 PM EDT

Michigan Office of Retirement Services - Message for Public School Employers

Fiscal Year 2018-19 Contribution Rates go into effect October 1

The updated Employer Contribution Rates due on members' wages paid between October 1, 2018, and September 30, 2019 go into effect on October 1. Use the updated contribution rate table with the effective date of October 1, 2018 for records with an end date on or after 10/01/2018.

The Contribution Rate tables are posted on the appropriate page of the Employer Information website:

Contribution Rates for Non-University Employers (K12, Charter schools/PSAs, Community Colleges, and Libraries)
Contribution Rates for University Employers

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

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.