Get Mi R0782ghb 2020-2025

An official MSU retiree requires a minimum of 15 or more years of service and at least age 62 or 25 years of service at any age.

Full Retirement. You will qualify for full retirement at age 60 with at least 10 years of service (YOS), or age 55 with 30 YOS. (Exception: If you are an unclassified legislative branch, executive branch, or judicial branch employee, you are vested for a full retirement benefit at age 60 with 5 YOS.)

The Michigan State Employees' Retirement System (SERS) was established in 1943 to provide retirement, survivor and disability benefits to the state's government employees. The system provides a defined benefit (DB) pension for 18,376 active employees, and 56,288 retirees and beneficiaries.

With the Graded Premium Subsidy you accrue credit towards insurance premiums in retirement. The subsidy is currently set at 30 percent with 10 years of service, with an additional 3 percent credited for each year of service thereafter up to the maximum subsidy in place for active employees.

Insurance Benefits: The State of Michigan offers health, mental health, dental, and vision insurance to eligible career employees, their spouses, and their children.

In addition to the Basic Life Insurance provided by the State of Michigan, you may purchase additional supplemental term life insurance for yourself and/or your family. The third party administrator is Reliance. Your cost of insurance will depend on your age and the amount of insurance you purchase.

As a retiree who meets regular age and service eligibility, your state-sponsored life insurance continues for you and your dependents at no charge to you.

The Michigan Office of Retirement Services administers two different retirement plans for State of Michigan employees: a Defined Benefit Plan and a Defined Contribution Plan. Use the information below to determine which plan(s) you belong to and the website link for that plan.

An official MSU retiree requires a minimum of 15 or more years of service and at least age 62 or 25 years of service at any age.

Full Retirement. You will qualify for full retirement at age 60 with at least 10 years of service (YOS), or age 55 with 30 YOS. (Exception: If you are an unclassified legislative branch, executive branch, or judicial branch employee, you are vested for a full retirement benefit at age 60 with 5 YOS.)

The Michigan State Employees' Retirement System (SERS) was established in 1943 to provide retirement, survivor and disability benefits to the state's government employees. The system provides a defined benefit (DB) pension for 18,376 active employees, and 56,288 retirees and beneficiaries.

With the Graded Premium Subsidy you accrue credit towards insurance premiums in retirement. The subsidy is currently set at 30 percent with 10 years of service, with an additional 3 percent credited for each year of service thereafter up to the maximum subsidy in place for active employees.

Insurance Benefits: The State of Michigan offers health, mental health, dental, and vision insurance to eligible career employees, their spouses, and their children.

In addition to the Basic Life Insurance provided by the State of Michigan, you may purchase additional supplemental term life insurance for yourself and/or your family. The third party administrator is Reliance. Your cost of insurance will depend on your age and the amount of insurance you purchase.

As a retiree who meets regular age and service eligibility, your state-sponsored life insurance continues for you and your dependents at no charge to you.

The Michigan Office of Retirement Services administers two different retirement plans for State of Michigan employees: a Defined Benefit Plan and a Defined Contribution Plan. Use the information below to determine which plan(s) you belong to and the website link for that plan.