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ORS administers retirement programs and retiree healthcare benefits for various state and public school employees in Michigan. ORS is a division of DTMB and has over 530,000 customers and $67.8 billion in net assets.
DTMB provides various services to state agencies, such as information technology, budget, financial management, building maintenance, and retirement. It also oversees some autonomous entities, such as the State Administrative Board, the Office of Child Advocate, and the Office of the State Employer.
Learn about the history, types, and funding of public sector pensions in the U.S. at the federal, state, and local levels. Compare the retirement benefits and risks of different plans and systems across the country.
The state of Michigan’s Office of Retirement Services (ORS) administers a variety of … Continue reading → The post Michigan Retirement System appeared first on SmartAsset Blog.
The State of Michigan Retirement System, which oversees some $143.9 million in pension fund assets for state employees, has invested $6.6 million in the ARK 21Shares Bitcoin ETF, it disclosed in a ...
State Historic Preservation Office Veterans Affairs Agency State Officers Compensation Commission, responsible for setting salaries for Governor, Lieutenant governor, Supreme court justices, and Legislators with the seven Commissioners appointed by the Governor [ 1 ]
Michigan Department of Treasury, 489 U.S. 803 (1989), is a case in the Supreme Court of the United States holding that states may not tax federal pensions if they exempt their own state pensions from taxation. [1]
Learn about the history, functions and current state treasurer of Michigan, an unelected office within the executive branch. The state treasurer oversees the collection, investment, and disbursement of all state monies, and also administers major tax laws and revenue sharing.