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The Michigan Office of Retirement Services (ORS) administers retirement programs for Michigan 's state employees, public school employees, judges, state police, and National Guard. ORS also provides various retiree healthcare benefits, including traditional insurance plans, Personal Healthcare Funds, and Health Reimbursement Accounts.
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401 (k) In the United States, a 401 (k) plan is an employer-sponsored, defined-contribution, personal pension (savings) account, as defined in subsection 401 (k) of the U.S. Internal Revenue Code. [1] Periodic employee contributions come directly out of their paychecks, and may be matched by the employer.
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The Michigan Department of Licensing and Regulation was abolished with most responsibilities transferred to the newly formed Department. It was renamed the Department of Consumer and Industry Services under an executive order issued in 1996 by Governor John Engler , merging most of the Department of Labor within the Department of Commerce. [2]
More and more of our readers are going back to work after retirement because they need the money. Some are offered 401(k) plans by their employers. They wonder whether or not they should ...
Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Mail. ... and HR employees, whose functional budget expansions will be much more nominal.