What is the difference between mip fixed and mip graded

This page is a dynamic version of the employer statement, to be used on days of the Pay Cycle Reporting calendar. In addition, Section 7. Before these updates, RIM 8. The obsoleted sections can be viewed with the links below, just for archival purposes:. Now that the school year has ended, many reporting tasks shift toward summer activities, when employees may be retiring or terminating, or in preparation for hiring new employees.

End of School Year Checklist — Beginning in June, employers begin to see an increase in students working summer jobs. For community college reporting units, see the RIM section 3.

For K public school districts, charter schools, public school academies, and intermediate school districts, see the RIM section 3. Do not report:. Do report. The report and the data schedules tables needed for your own financial reports will be published on the Employer Information website by early July. Your reporting unit will receive an email the day they are ready for download. Until you receive the email notification, please do not download tables from the GASB 68 and 75 section of the Employer Information website.

We expect to publish Table 5 by July There are no new issues involving GASB reporting for this year. We have the results of the Employer Survey conducted in April. To those who responded, thank you for your valuable feedback.

We are now analyzing the data and reviewing your comments for insights into possible process improvements. This year, the clearest feedback you sent us was your concern about the new hire process, which changed as a result of the reform Public Act We hear you!

On this issue and others, we take your concerns into consideration as we consider how to balance your needs with those of the retirement system, as well as legal and legislative requirements. ORS sincerely appreciates the time many of you took to provide us with feedback. You'll switch back to the MIP benefit structure MIP Fixed, Graded, or Plus upon attaining 30 YOS and your contribution level will return to the previous level until you terminate your public school employment see the respective MIP contribution charts above for effective rates, depending on when you first began working for a Michigan public school reporting unit.

These contributions are refundable in certain cases:. If you leave public school employment and do not qualify for any premium subsidy and are at least age If you die before becoming eligible for the subsidy benefit and your beneficiary is not eligible for a premium subsidy.

If you die with retiree healthcare fund contributions still on account, and no survivor benefits are payable, we will refund any remaining contributions to your refund beneficiary or your estate. If you or your beneficiary are eligible for a refund of Retiree Health care Fund contributions, the refund will be issued upon request.

You must be terminated for at least six months before you can apply for a refund on miAccount. If you have been terminated for less than six months, you must complete a paper application. A paper application is required because your school district must certify you have ceased all employment with the reporting unit prior to issuing a refund.

The exact date depends on your school district's payroll cycle. The retirement plan information that appears on this website is intended to summarize basic provisions of Public Act of , as amended. Current laws, rates, and factors are subject to change. Should there be discrepancies between the information reflected here and the actual law, the provisions of the law govern. Browsers that can not handle javascript will not be able to access some features of this site.