MPSERS Legislative Update

Public Act 92 of 2017 established a new hybrid plan for Michigan public school employees who first work on or after February 1, 2018. This new hybrid plan is called Pension Plus 2. This plan has both a pension component and a savings component. An employee must affirmatively elect the new hybrid plan to participate. For more information, you can read our Legislative Summary, or you can review PA 92 of 2017 (previously SB 0401).

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Setting a retirement goal: Getting started

Voya^® recently presented an online webcast covering your retirement income needs, sources of potential retirement income, and strategies for building a strong financial foundation. Click here to check it out.