Important Retirement System News You Need To Know

News You Need To Know

New look to checks and check stubs coming soon

RSCD is in the process of changing their payroll processor, therefore your check stub or check will have a different look.  If you are receiving two checks or stubs they will now be combined into one check or stub.  This change is scheduled to occur in within the next 2 pay periods.  If you have any questions please feel free to contact our office.

1099R's

The 1099R's were mailed in January, 2016. If you need a copy or never received one: call (313) 224-3362, ext. 238.  Let the attendant know that you have not received your 1099.  We will be happy to assist you with your concerns.

Death Benefit

Lump sum payment option letters have been received. For members who selected this option, the .09 deduction will end on the May 1, 2016, retirement check.  Updated info: The actuarially reduced amount will be mailed by April 29, 2016.  If you’ve chosen this option 1) there will be no benefit payable upon your death; 2) the lump sum payment may be taxable (contact your tax preparer). If you have any questions or concerns, please call (313) 224-3362 extension 202 or (800) 339-8344 extension 202.

Debit Card

This form of payment would allow your monthly retirement allowance to be uploaded on a bank card which allows you access to money at most ATM machines.  The Retirement System would like to explore this option and we need your help in determining if this would be a good alternative to traditional banking.  With a debit card, you will have access to your monthly retirement allowance on the first of every month (or earlier if the first falls on a weekend or holiday); no waiting for mail delivery or waiting until the bank opens.  We will continue to update this site with additional information.

Refunds from the Hybrid Plan

Will start being approved for processing at the April 6, 2016, General Retirement System board meeting. This has been a hard task for our IT (information technology) staff but it is now completed.  We will be processing these refunds on a bi-weekly basis until we have exhausted our backlog; a 4 – 6 week process. We would like to apologize for the inconvenience that this causes our current and former members.  If you have any questions or concerns, please call our Annuity Section (313-224-3362; option 4) and they will be more than happy to assist you.

Current News That May Interest You:

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Jun

22

The Retirement System City of Detroit has partnered with BidNet Direct as part of the MITN Purchasing Group

The Retirement System City of Detroit has partnered with BidNet Direct as part of the MITN Purchasing Group and will post their bid opportunities to this site.  As a vendor, y...

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Apr

10

New look to checks and check stubs coming soon

RSCD is in the process of changing their payroll processor, therefore your check stub or check will have a different look.  If you are receiving two checks or stubs they will ...

Read More »

Important message from the Trustees of the City of Detroit General Retirement System Click Here

Important Retirement System News You Need To Know Learn More ›

GRS November 2018 Newsletter Click Here


ATTENTION:

Your January Direct Deposit payment will be available on January 2, 2019, this change in timing is due to IRS 1099R reporting rules. 


Important Messages:

* RSCD’s new payroll system provides retiree’s with a self-service portal called Web Pay. Retiree's can update address information, view pay stubs, update direct deposit information. Click here to view directions on how to access the new features. 

* Your June 1, 2018 pension check and stub will have a different look due to the changing of check processing companies.   You may also see an increase or decrease in the amount of tax withholding on your check.  This may be due to the combing of multiple checks into one payment and/or a change in state tax tables.  Contact RSCD if you would like to adjust your tax withholding.

Career Opportunity

The 2017 Annual Report is now available

. Click here to view report