Form r0940c 2014-2025

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4.2 out of 5

36 votes

The document outlines the retirement plan options available to new public school employees in Michigan who began work on or after September 4, 2012. Employees can choose between a Defined Contribution (DC) plan and a Pension Plus plan within 75 calendar days of their first payroll date. The DC plan offers a tax-deferred investment account with employer matching contributions, while the Pension Plus plan combines a pension component with a savings component. Employees are automatically enrolled in the Pension Plus plan unless they opt for the DC plan within the specified timeframe. Additionally, all employees are enrolled in a Personal Healthcare Fund to assist with healthcare expenses in retirement.

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Versions	Form popularity	Fillable & printable
2015	4.9 Satisfied (241 Votes)
2014	4.2 Satisfied (36 Votes)

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