Office of Origin: Human Resources            
Responsibility: Executive Director, Human Resources 
Original Date Adopted: 10/25/22 (estimated)
Dates Reviewed: 10/25/22, 2/5/24, 10/22/25 (C)
Last Date Board Approved: 10/25/22

Lake Michigan College (the College) will make available to eligible employees an optional retirement salary deferral plan (the ORP) where qualified employees may make pre-tax contributions to tax-deferred retirement accounts, such as a 403(b) plan, as well as the Michigan Public Schools Retirement System (MPSERS) plan. 

MPSERS requires that all part-time and non-exempt employees enroll in MPSERS upon hire but provides a choice to exempt employees of MPSERS or the ORP.

If an employee’s job classification changes from non-exempt to exempt, the employee can move to the ORP or stay in MPSERS. 

If an employee’s job classification changes from exempt to non-exempt, the employee must remain in the ORP.

If an exempt employee’s job changes from full-time to part-time and the employee was in the ORP, the employee must stay in the ORP.

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