Change in Process for UAAL Rate Stabilization Invoices

Michigan Office of Retirement Services sent this bulletin at 10/18/2018 04:48 PM EDT

Michigan Office of Retirement Services - Message for Public School Employers

Change in Process for UAAL Rate Stabilization Invoices

ORS has automated the process of providing the UAAL rate stabilization invoice. You will still be notified by email, but the email sender will be ORS_Web_Reporting@michigan.gov rather than ORS@public.govdelivery.com.

In addition, the invoice itself will appear as a file on the Employer Reporting website, not sent via FTS for you to retrieve. The invoice will appear on the Employer Statement screen under Invoice History:

Invoice History page

On your Pay Cycle Statement, the Rate Stabilization amount will appear under a new section called “Additional Retirement Contributions.” See the screenshot below. The new section will appear in October on your first available Pay Cycle Statement. Payment for your reporting unit's Rate Stabilization will be due on the payment due date of the pay cycle statement it is invoiced on. The process for submitting your payment for Rate Stabilization has not changed.

Pay Cycle Statement with Additional Retirement Contributions highlighted

If you have questions, 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.