MPSERS Clause Samples
MPSERS. (1) Dispatchers hired prior to January 1, 1996, are required to participate in the Michigan Public School Employees Retirement System (MPSERS), as required by law.
(2) The MPSERS plan is governed by state statute and the conditions and provisions of this plan are subject to change by the state. MPSERS plans require ten (10) years of vesting in order to be able to collect retirement benefits.
(3) Employees who enrolled in MPSERS after January 1, 1990 were automatically in the Member Investment Plan (MIP), which requires an employee contribution that varies with salary but is approximately four percent (4%) of salary. Benefits from both the MIP and the Basic Plan are based on years of service and average salary.
(4) New employees who were previously in MPSERS at one of the following seven state institutions: Central Michigan, Eastern Michigan, ▇▇▇▇▇▇ State, Lake Superior State, Michigan Technological, Western Michigan, or Northern Michigan, will be required to re- enroll in MPSERS.
MPSERS. The Employer agrees to pay the legally specified contribution to the Michigan Public School Employees Retirement System on the gross wages for each employee covered by this Agreement.
MPSERS. The District will assume the full costs of contributions to the Michigan Public Employees Retirement System, as required by law.
MPSERS. A school that hires staff directly is a reporting unit and makes payments to Michigan Public Employees Retirement System