GLP Retirement Roadmap
Step 17 of 40 · Where Does My Money Go?

What Comes Out of My Paycheck?

⏱ GLP Retirement Minute

Besides ordinary taxes, MPSERS takes its own bite out of every paycheck — and exactly how much depends entirely on which plan you're in. There's no single answer here, which is exactly why this trips people up.

Your Retirement Contribution

This is the deduction that funds your own pension and/or personal savings account. It varies more than almost anything else on this roadmap.

Your Plan What Comes Out Goes Toward
Basic Plan (original) 0% Noncontributory — nothing deducted for your pension
Basic 4% 4% Your pension, in exchange for keeping your full multiplier
MIP (any variant) ~3.9–7% Your pension — exact rate depends on which MIP variant and when you enrolled
Pension Plus Graded % A graded pension contribution, plus whatever you've elected for your personal savings account
Pension Plus 2 6.2% + 2% 6.2% to your pension, 2% to your personal savings account
DC Plan Your choice No mandatory pension contribution — you elect your own savings rate (auto-enrolled at a default if you don't choose)

Your Healthcare Contribution

A separate deduction, layered on top of your retirement contribution, and it depends on your hire date rather than your plan type.

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Hired on or after September 4, 2012

You're automatically enrolled in the Personal Healthcare Fund: you contribute 2% of your salary, and your employer matches it with another 2%.

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Hired before September 4, 2012 — a recent change worth knowing

For years, Premium Subsidy members paid an additional 3% healthcare contribution. That requirement ended October 1, 2025. If your paycheck went up recently and you weren't sure why, this is very likely it — and you may be eligible for reimbursement of past contributions. Check miAccount for your specific situation.

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And on top of all of this

Standard Social Security, Medicare, and income tax withholding still apply the same way they would on any paycheck — this page only covers the deductions that are specific to MPSERS.

The bottom line

The percentages above are close, but "close" isn't good enough for your own budget. Your pay stub shows your exact deduction, and miAccount will confirm precisely which plan and rate apply to you.

Continue to the Full Roadmap → ← Back to: What Does "Vested" Mean?