display: block; Past researchhas yielded mixed resultson how those initiatives affect student achievement. Lansing, MI 48909-7671, ORS - Public School Employees' Retirement System, Service Credit: Earning and Purchasing collapsed link, Online Presentations and E-Learning Modules collapsed link, Member Investment Plan (MIP) - At a Glance, Member Investment Plan (MIP) - At A Glance, Power of Attorney and Advance Directive Resources, Online Presentations and E-Learning Modules, https://dev.michigan.local/som/json?sc_device=json, Go to Member Investment Plan (MIP) - At a Glance, DB Pension and Retiree Healthcare Contributions, Go to Service Credit: Earning and Purchasing, Public Act 88 - Reciprocal Retirement Act of 1961, Go to Member Investment Plan (MIP) - At A Glance, Go to Power of Attorney and Advance Directive Resources, Go to Annual Certifications and Verifications, Go to Online Presentations and E-Learning Modules, Learn more on how earning and purchasing service affects your pension eligibility, Michigan Public School Employees Retirement System, Michigan State Employees Retirement System, Annual Comprehensive Financial Reports (ACFRs), You worked in the month of your 55th birthday (an exception may apply if you were born in a summer month; see. Middle and high school students interested in pursuing a career in public education. height: auto; /* Use this to split long lists into 2 columns. .accordion-term span { .top-elements{ display: block; .main-content a[href^="https:"]::after { content: " (" attr(href) ") "; } Unlike teachers in private schools, the Bureau of Labor Statisticsreportsthat 89 percent of primary, secondary, and special education school teachers employed by state or local governments participate in a defined benefit (DB) pension plan. Content area associations for educators to network and grow. #block-breadcrumbs a::after, And as a para you have the same right as all other UFT members to a confidential pension consultation as you near retirement. ************ This is available as part of the Horizon Blue Cross Blue Shield plans and does not require any changes to your health insurance. For example, one school secretary who will be retiring next year will have worked at the school for 30 years and will have no pension. As a MIP member, you will qualify for full retirement under any of the following provisions: As a Basic plan member, you qualify for a full retirement under the following provisions: You are vestedwhenyou haveenough service to qualify for a pension though you may not yet meet the age requirement, when you have the equivalent of 10years of full-time public school employment. } [CDATA[/* >