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Do you get a pension working for the state of Michigan?
The Michigan State Employees Retirement System (SERS) was established in 1943 to provide retirement, survivor and disability benefits to the states government employees. The system provides a defined benefit (DB) pension for 18,376 active employees, and 56,288 retirees and beneficiaries.
What benefits do Michigan State employees get?
Insurance Benefits: The State of Michigan offers health, mental health, dental, and vision insurance to eligible career employees, their spouses, and their children.
What is the state of Michigan retirement system?
State of Michigan Retirement System provides pension services for the Public School Employees, State Employees, State Police, Judges and Military Retirement Systems.
What is the average state of Michigan pension?
In 2018, 386,072 residents of Michigan received a total of $8.9 billion in pension benefits from state and local pension plans. The average pension benefit received was $1,924 per month or $23,090 per year.
Do state of Michigan employees get a pension?
The Michigan Office of Retirement Services administers two different retirement plans for State of Michigan employees: a Defined Benefit Plan and a Defined Contribution Plan. Use the information below to determine which plan(s) you belong to and the website link for that plan.
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