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The state employee system and the public school employee system administered by ORS make up 95 percent of all active plan membership in Michigan. ORS is responsible for the 18th largest public pension system in the United States and the 47th largest pension system in the world, managing combined net assets of nearly $67.8 billion.
In doing so, Reason Foundation said that transition could potentially inflate the state employee retirement services plan's unfunded liabilities from its current $5.4 billion to “well over $8 ...
The judiciary of Michigan is defined under the Michigan Constitution, law, and regulations as part of the Government of Michigan.The court system consists of the Michigan Supreme Court, the Michigan Court of Appeals as the intermediate appellate court, the circuit courts and district courts as the two primary trial courts, and several administrative courts and specialized courts.
Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). [2]Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon ...
With the retirement of 9th Judicial District Court Judge John Davidson, a special election will be held in March to fill the Division D seat.
LANSING — Gov. Gretchen Whitmer's 2025 state budget proposes adding about 588 full-time employees to the payroll and would bring the authorized state workforce to its highest level in more than ...
Senior status is a form of semi-retirement for United States federal judges.To qualify, a judge in the federal court system must be at least 65 years old, and have served at least 10 years, and the sum of the judge's age and years of service as a federal judge must be at least 80 years. [1]
In 1833, all the county courts in all counties in the territory of Michigan except Wayne were abolished and replaced by one circuit court of the territory of Michigan. [2] In 1836, the state was divided into 3 circuits. The 1850 Michigan Constitution made the office of circuit court judges elected officials and set the term of office to six (6 ...