New Working After Retirement Legislation – Important Update

Michigan Office of Retirement Services sent this bulletin at 02/09/2021 05:06 PM EST

Michigan Office of Retirement Services - News for Employers

Public Act (PA) 267 of 2020 was signed into law by the Governor on Dec. 29, 2020, addressing rules concerning working after retirement as a substitute teacher and in a critical shortage position.

Beginning tonight (Feb. 9, 2021), records that were previously suspended due to the critical shortage credit limit will begin to automatically post. Records with a record begin date before Dec. 29, 2020 may still suspend. For these records, use a different class code. Please see the updated Working after retirement – employer guide for the appropriate class code.

In addition, suspended records of retirees in a critical shortage position who retired less than 12 months ago will begin to post. If the record was originally reported with no employer contributions, you may be charged the difference in employer contributions.

Please allow multiple batch runs for all records to post. If you have questions, contact ORS_Web_Reporting@michigan.gov.

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.