We ask you to encourage all employees, especially those close to retirement or getting ready to retire, to check their years of service in miAccount. For security reasons, members will use MiLogin to access miAccount. It is important that members verify that their service credit is correct, and they will have enough service credit by their planned retirement effective date.
Employers can only make adjustments that will affect a member’s active service credit before the member’s retirement effective date.
If adjustments are needed to an employee’s service credit, refer to the Reporting Instruction Manual (RIM) sections 7.05.07: Adjusting DTL2 records – overview and 7.05.08: Adjusting wages or hours on a DTL2 record.
With a busy retirement application season now in full swing, here are some materials to share with employees who may be considering this big step, as well as some resources for your reporting unit. You may wish to remind them that the sooner they submit their application and the supporting documents, the better for all involved (that’s the applicant, the employer, and ORS).
Found on the member website under Ready to Retire, ORS’s Planning Your Retirement online presentations page is the best place for employees to start. Those planning to retire soon may be ready to get specific details about applying in the presentation’s Step 4: Review and Apply section.
 In addition, the Common Bumps web page lists the most common issues that can slow down processing of a retirement application and provides ideas for minimizing these common bumps.
As employees apply for retirement, you’ll be receiving notifications to complete Final Payroll Details (FPDs) for applicants. You can smooth the path for your retiring staff by completing FPDs accurately and promptly. For help with completing FPDs, see ORS’s Final Payroll Details e-learning module or the RIM Chapter 11: Final Payroll Details.
If a contract review is needed, your reporting unit may need to submit additional documentation. See the Frequently Asked Questions about allowable salary increases (ASI), which discusses contract reviews and documentation needed at retirement.
For those attending the Michigan School Business Officials (MSBO) Annual Conference in Grand Rapids, Michigan. We welcome you to join us for our presentations or visit us at booth number 541. Presentation locations are to be announced at the conference. ORS presentations include:
196 ORS Processors’ Workshop on Tuesday, April 23 from 1:15 p.m. to 4:30 p.m.
B24 Understanding MPSERS Audits on Wednesday, April 24 from 9:20 a.m. to 10:20 a.m.
I16 Understanding MPSERS Benefit Plans on Thursday, April 25 from 2:00 p.m. to 2:30 p.m.
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Retirement reporting can be complex, especially for staff who have been on the job less than a year. That's why we offer the Retirement Reporting Basics recorded webinar.
Those who have been reporting for longer might benefit from a refresher on some topics. The webinar is segmented by topic, so you can watch it as originally presented or go directly to the topic you would like to review. Topics covered include:
- Pay cycle reporting.
- Retirement reports.
- Detail records.
- Tools for reporting.
- Employer Statements.
This recorded webinar is also available anytime on the Employer Information website under Reporting Resources > Education & Training > Webinars.
Participants should designate and regularly review beneficiaries in the State of Michigan 401(k) and 457 Plans (the Plans) to ensure their assets go to the person(s) they choose. This can be done online by logging in to their Plans account and reviewing Profile > Personal Information > Beneficiary Information. If married participants designate someone other than their spouse as their beneficiary, it’s imperative that they provide their spouse’s consent via the Designation of Beneficiary form for the 401(k) Plan and/or 457 Plan.
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