The state of Michigan is planning to send $554 million in refund checks for school employees on Jan. 22, an official said late Thursday.

The money, which pays back 3% deductions that were taken from the checks of school employees between 2010 and 2013, will be sent to school districts on that date, said Kurt Weiss, a spokesman for the Department of Technology, Management and Budget.

Those school districts will then make payments to individual school employees and former school employees eligible for the refunds, who could number close to 275,000, Weiss said.

Source: Michigan to send $554M in refunds to school districts Jan. 22