Retirement News

Supreme Court will be ruling on MPSERS contribution

Michigan’s Supreme Court will be deciding on whether the changes made to PA 300 in 2012 were legal. The lawsuit challenges changes by the Michigan legislature to pension contribution rates, retiree healthcare contributions, the multiplier “sanction” for those opting out of the higher contribution rates, and the mechanism for refunding the contributions to individuals who opted into retiree healthcare but ultimately failed to qualify for the benefits. 

Supreme Court yet to rule on legality of ‘retirement tax’ for school employees

It’s not yet known when — or if — MEA members will receive refunds of a “retirement tax” imposed upon them by the state Legislature.

MEA retirement lawsuits still pending in court system

Two major cases affecting MEA members’ retirement benefits are slowly making their way through the state’s court system, and it’s not yet known when — or if — members will receive refunds of a “retirement tax” imposed upon them by the state Legislature.