Full-time, regular faculty and full-time administrators have a choice between the Michigan Public School Employees Retirement System (MPSERS) and the College’s TIAA (Teachers Insurance Annuity Association) optional retirement program (ORP). Both plans require an employee tax-deferred payroll contribution.
All other employees, except student employees, participate in MPSERS.
MPSERS
Kellogg Community College participates with MPSERS. Employees who participate in MPSERS make a mandatory employee contribution toward their retirement. This pre-tax contribution is deducted each payday from the employee’s paycheck. The amount of the pre-tax contribution depends on each employee’s plan structure with MPSERS.
MPSERS Retirement Plan Election Guide
Retirement Plan Decision Guide
- To get started, visit the MPSERS website at www.michigan.gov/ors.
- From outside of Lansing area telephone number: 800-381-5111
- Lansing area telephone number: 517-284-4400
Once established with MPSERS, employees should sign up on MiAccount to add beneficiaries, view information, such as years of service, and change personal account information.
- MiAccount website: www.michigan.gov/orsmiaccount
TIAA
TIAA ORP employee contribution is 4% of the employee’s gross wages. KCC contributes 10.5% of the employee’s gross wages to the employee’s account.
- Visit their website at Kellogg Community College | Home (tiaa.org).
Additional Investment Opportunities – 403(b)
This voluntary retirement investment program is also managed by TIAA. All employees, except student employees, are eligible to participate in this 403(b) plan. Similar to a 401(k), this program provides employees an opportunity for tax-deferred contributions of their choosing. This investment program is optional and separate from the College – provided retirement programs.
