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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.
Though Michigan’s pension fund is only the 18th-largest in U.S., that doesn’t stop it from offering its employees an array of retirement plans from which to select. The state of Michigan’s ...
In many states, public employee pension plans are known as Public Employee Retirement Systems (PERS). Pension benefits may or may not be changed after an employee is hired, depending on the state and plan, as well as hiring date, years of service, and grandfathering. Retirement age in the public sector is usually lower than in the private sector.
The rankings below are the 30 largest public pension plans in the U.S., ... New York State Common Retirement: $201,263 $201,263 ... Michigan Retirement: $75,550 ...
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 ...
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