Michigan · Statutes
Act Act-300-of-1980
114 sections
114 sections
- Mich. Comp. Laws § 38.1301Short title.
- Mich. Comp. Laws § 38.1302Meanings of words and phrases.
- Mich. Comp. Laws § 38.1303Definitions; A.
- Mich. Comp. Laws § 38.1303a“Compensation” explained.
- Mich. Comp. Laws § 38.1304Definitions; C to M.
- Mich. Comp. Laws § 38.1305Definitions; M, N.
- Mich. Comp. Laws § 38.1306Definitions; O, P.
- Mich. Comp. Laws § 38.1307Definitions; R.
- Mich. Comp. Laws § 38.1308Definitions; S, T.
- Mich. Comp. Laws § 38.1309Calculating member's final average compensation; effective date of section.
- Mich. Comp. Laws § 38.1321Public school employees' retirement system; creation.
- Mich. Comp. Laws § 38.1322Public school employees' retirement board; creation; appointment, qualifications, and terms of members; vacancy.
- Mich. Comp. Laws § 38.1323Retirement board; oath; conducting business at public meeting; notice of meeting; quorum; failure to attend scheduled meetings; availability of writings to public.
- Mich. Comp. Laws § 38.1324Retirement board; compensation and expenses.
- Mich. Comp. Laws § 38.1325Retirement board; rights, authority, and discretion; rules; limitation; study period; information to be provided to certain universities.
- Mich. Comp. Laws § 38.1326State treasurer as treasurer of retirement system; investment authority; fiduciary responsibility; disposition of funds.
- Mich. Comp. Laws § 38.1327Warrants.
- Mich. Comp. Laws § 38.1328Summary of fiscal transactions; contents; description of retirement benefits; information to be posted on internet website and sent via electronic mail; database.
- Mich. Comp. Laws § 38.1329Reserve for employee contributions; individual subaccounts; refund, payment, or transfer of accumulated contributions.
- Mich. Comp. Laws § 38.1330Reserve for employer contributions.
- Mich. Comp. Laws § 38.1331Reserve for administrative expenses.
- Mich. Comp. Laws § 38.1332General fund.
- Mich. Comp. Laws § 38.1333Reserve for member investment plan; remittance of member contributions; individual subaccounts; refund, payment, or transfer of accumulated contributions.
- Mich. Comp. Laws § 38.1334Reserve for health benefits; payments; health advance; funding subaccount; transfer to reserve for employer contributions; conditions.
- Mich. Comp. Laws § 38.1335Reserve for retired benefit payments.
- Mich. Comp. Laws § 38.1336Reserve for undistributed investment income; pension stabilization subaccount.
- Mich. Comp. Laws § 38.1341Determining annual level percentage of payroll contribution rates; factors; unfunded actuarial accrued liability contribution rate; computation and certification of sum due and payable; payment; certification of actual aggregate compensation; adjustment; evidence of correctness; audit; duties of reporting unit; submission of difference occurring in certain fiscal years; interest rate; reassignment of assets; rate of investment return; basis of asset valuation; use of salary increase assumption; deposit to health advance funding subaccount; allocations from employer contributions; experience investigation study; risk assumptions; report; pension and retiree health care payroll growth assumption rate; "university reporting unit" defined.
- Mich. Comp. Laws § 38.1341aSeparate contribution rate; unfunded accrued liability; "university reporting unit" defined.
- Mich. Comp. Laws § 38.1341bEmployees as members on or after July 1, 2010 and before February 1, 2018; determination of separate contribution rate for members on or after February 1, 2018; contributions; individuals performing services for entity not participating in retirement system; conditions.
- Mich. Comp. Laws § 38.1342Reporting unit contribution; exclusive obligation; contributions picked up by employer; deduction of Social Security contributions; agreement of member; forwarding retirement contributions; report; failure to submit report or contributions; late fee; intentional error or omission; withholding payment of state funds for noncompliance; exception for community or junior college student employee; "intentional" defined.
- Mich. Comp. Laws § 38.1342aCommunity or junior college reporting units; report; office of retirement services; report requirements.
- Mich. Comp. Laws § 38.1343Percentage paid for participants in optional retirement program.
- Mich. Comp. Laws § 38.1343aContributions of member to member investment plan; deduction and remittance as employer contributions; benefits; amount of contribution; amounts; percentage; member on or before February 1, 2018.
- Mich. Comp. Laws § 38.1343bEligibility requirements; exceptions.
- Mich. Comp. Laws § 38.1343cEntitlements.
- Mich. Comp. Laws § 38.1343eMember before September 4, 2012; contribution of percentage to funding account under public employee retirement health care funding act; "funding account" defined.
- Mich. Comp. Laws § 38.1343gContribution beginning on transition date; amount; method of deducting contributions; picking up member contributions for compensation on or after transition date; benefit.
- Mich. Comp. Laws § 38.1343hService credit; enrollment for certain employees of community or junior college reporting unit; requirements; forfeit of claim; assessment and payment of supplemental employer contributions.
- Mich. Comp. Laws § 38.1343iDetermination and assessment of supplemental employer contributions by community or junior college reporting units; payment.
- Mich. Comp. Laws § 38.1344Separation from service; death; unclaimed retirement allowance or other money.
- Mich. Comp. Laws § 38.1345Change or error in records; correction; adjustment in benefits.
- Mich. Comp. Laws § 38.1346Benefits; exemption from taxation; subject to taxation beginning January 1, 2012; offset of retirement benefits or refunds; forfeiture of service credit.
- Mich. Comp. Laws § 38.1347Employee of Michigan high school athletic association; entitlement to benefits preserved; limited membership; continued service; eligibility for retirement benefits; election; termination of employment; computation of retirement allowance.
- Mich. Comp. Laws § 38.1359Calculation of retirement allowance; election and attainment date designation; credit for future service accrued and compensation earned; alternative election; method of accepting elections, designations, and alternative elections; member not making or rescinding election or who makes alternative election; reemployed member; definitions.
- Mich. Comp. Laws § 38.1360Purchase of service credit; 2 years service credit required.
- Mich. Comp. Laws § 38.1361Employment of retirant in reporting unit.
- Mich. Comp. Laws § 38.1361aReport to legislature on number of active employed retirees.
- Mich. Comp. Laws § 38.1362Purchasing service credit; proof of service; contribution and interest.
- Mich. Comp. Laws § 38.1363Noncontributory plan; applicability; duty of reporting unit.
- Mich. Comp. Laws § 38.1364Purchase of service credit.
- Mich. Comp. Laws § 38.1365Written application for payment of accumulated contributions; forfeiture of prior service.
- Mich. Comp. Laws § 38.1366Cessation of membership; forfeiture of service; return to service; reinstatement of previously forfeited service.
- Mich. Comp. Laws § 38.1367Credit for service in another retirement system; withdrawal of accumulated contributions; forfeiture of service or monthly allowance.
- Mich. Comp. Laws § 38.1368Service credit; computing terms of service.
- Mich. Comp. Laws § 38.1369Out of system public education service; condition for granting membership or prior service credit; requirements; eligibility for retirement allowance; computation of payment; limitation; refund; noncreditable service; member ineligible to initiate service credit purchase.
- Mich. Comp. Laws § 38.1369cEmployee in nonpublic elementary or secondary educational institution or nonpublic institution of higher education, employee in foreign country at school for United States personnel or dependents, full-time teacher with job corps, teacher in trust territory, or teacher on Indian reservation; purchase of service credit; request; documentation; payment of amount of actuarial cost; condition to service being credited; satisfaction of minimum service credit for retirement allowance; refund; effect of pension or annuity; member ineligible to initiate service credit purchase; definitions.
- Mich. Comp. Laws § 38.1369fElection to purchase not more than 5 years of service credit less years of service credit purchased under other provisions; request; payment of actuarial cost; prohibited uses of service credit; refund; member ineligible to initiate service credit purchase.
- Mich. Comp. Laws § 38.1369gFormer employees of reporting unit as public school employees; conditions; remittances required for granting of service credit; definitions.
- Mich. Comp. Laws § 38.1370State of Michigan service; condition for granting membership or prior service credit; requirements; petition for transfer of service credit, accumulated contributions, and interest; refund; member ineligible to initiate service credit purchase.
- Mich. Comp. Laws § 38.1371Sabbatical leave; employee organization professional services leave or released time; member ineligible to initiate service credit purchase.
- Mich. Comp. Laws § 38.1373Resumption of employment following honorable discharge or release from active duty with armed forces; service credit; limitation; accumulation of contributions to reserve for employee contributions at regular interest.
- Mich. Comp. Laws § 38.1374Service credit for member not meeting requirements of MCL 38.1373; election; computation of payment; restriction; condition.
- Mich. Comp. Laws § 38.1375Separation from service or reduction of hours for purposes of parental leave; purchase of service credit; refund; application; member ineligible to initiate service credit purchase; "parental leave" defined.
- Mich. Comp. Laws § 38.1376Partial purchase of service credit.
- Mich. Comp. Laws § 38.1379Actuarial cost; recomputation.
- Mich. Comp. Laws § 38.1379aRecomputation of payment for purchase of service; refund.
- Mich. Comp. Laws § 38.1379b"Initiate a service credit purchase" defined.
- Mich. Comp. Laws § 38.1381Retirement allowance under MCL 38.1384; application; eligibility requirements.
- Mich. Comp. Laws § 38.1381aRetirement allowance computed according to MCL 38.1384(1); reduction inapplicable; definitions.
- Mich. Comp. Laws § 38.1381bRetirement; eligibility requirements; computation; extension; "incentivized retirement application period" defined; amortization of additional costs.
- Mich. Comp. Laws § 38.1381cMember 60 years of age or older with 10 or more years of service; increase in regular retirement age; adjustment by retirement board; "regular retirement age" defined.
- Mich. Comp. Laws § 38.1381dEmployment retirement system; election to participate in Tier 2; method of accepting elections; election period; member not making election considered as member of Tier 1; collection of employer and employee contributions; qualified participant considered as participant in Tier 2; definitions.
- Mich. Comp. Laws § 38.1382Deferred vested service retirement allowance; entitlement; computation; application; forfeiture; payment of option to beneficiary.
- Mich. Comp. Laws § 38.1383Date of retirement allowance; payment on cessation of eligibility for continuation of benefits.
- Mich. Comp. Laws § 38.1384Retirement allowance; benefits; applicability of reduction; recalculation of retirement allowance; adjusted retirement allowance; election to return retirement allowance payments.
- Mich. Comp. Laws § 38.1384bRetirement allowance for member making alternative election under section 59(2)(a) or (b); calculation; items of credited service under section 59(1); accumulation of years of service credit for purpose of vesting; calculation of retirement allowance under section 59(1) but not making attainment date designation; "attainment date" defined.
- Mich. Comp. Laws § 38.1385Payment options; election; change of option or beneficiary; payment to beneficiary; reversion of benefit to straight retirement allowance; term of payment; beneficiary predeceasing retirant who returns to service; effect of election of retirant's divorce from spouse designated as beneficiary; payment of difference between accumulated contributions and aggregate amount of retirement allowance payments; change of beneficiary; optional form of benefit payment; limitation; termination.
- Mich. Comp. Laws § 38.1386Disability allowance; requirements; extension of application time limit; computation; effective date.
- Mich. Comp. Laws § 38.1387Duty disability retirement allowance; requirements; computation; effective date; service credit; adjustment.
- Mich. Comp. Laws § 38.1388Duty or nonduty disability retirant; medical examination; affidavit; deception; discontinuance or revocation of nonduty disability retirement allowance; return to membership; restoration of credited service; restoration of duty disability retirant to active service; cessation of allowance or rights to allowance; lump sum payment; payment on retirant's sixtieth birthday; reduction of retirement allowance; computation of allowable earnings; applicability of subsection (4).
- Mich. Comp. Laws § 38.1389Surviving spouse; computation, payment, and termination of retirement allowance; remarriage of surviving spouse; allowance for surviving child less than 18; election of retirement allowance beneficiary; grounds for voiding election; death of member; presumption of dependency; termination of allowance; payment to refund beneficiary; member contributing to member investment plan.
- Mich. Comp. Laws § 38.1390Surviving spouse of deceased member receiving worker's disability compensation; computation, payment, and termination retirement allowance; remarriage of surviving spouse; allowance for surviving children less than 18; computation, payment, and termination of allowance for surviving child less than 18 or for surviving dependent parent; computation and effective date of retirement allowance beneficiary's duty death retirement allowance; use of average annual compensation; election to accept refund; payment to legal representative of deceased member's or retirant's estate.
- Mich. Comp. Laws § 38.1391Hospital, medical-surgical, and sick care retirant benefits; dental and vision retirant benefits; retirement system premium; maximum contribution rate; health benefits coverage for dependent of retirant; coordination of benefits; definitions.
- Mich. Comp. Laws § 38.1391aRetiree health care insurance coverage for employees hired after September 4, 2012; matching contribution in lieu of health insurance coverage benefits; vesting provisions; election to opt out of health insurance coverage premiums; effect of not making election under subsection (5); break in service or reemployment; implementation and applicability of subsections (5) to (10); report; definitions.
- Mich. Comp. Laws § 38.1392Long-term care insurance; withholding from retirement allowance.
- Mich. Comp. Laws § 38.1392aAdministration of changes; appropriation; work project; carrying forward unencumbered or unallotted funds.
- Mich. Comp. Laws § 38.1392bAppropriation; purposes; amount; completion date.
- Mich. Comp. Laws § 38.1392cAppropriation.
- Mich. Comp. Laws § 38.1393Third-party study.
- Mich. Comp. Laws § 38.1401Supplemental pension.
- Mich. Comp. Laws § 38.1402Percentage increase to monthly retirement allowance payable after June 30, 1972; continuation.
- Mich. Comp. Laws § 38.1403Percentage increase to monthly retirement allowance payable under former provisions; continuation.
- Mich. Comp. Laws § 38.1404Percentage increase to monthly retirement allowance payable under additional former provisions; continuation.
- Mich. Comp. Laws § 38.1404aDetermining rate of investment return on retirement system assets and present value of retirement allowances; calculation and reduction of distribution income; crediting distribution units to retirant or retirement allowance beneficiary; calculation and payment of distribution amount; increase in retirement allowance; computation of cumulative increase amount; supplemental payment; increase in retirement allowance effective before October 1, 1981; increase in retirement allowance effective on or before January 1, 1987.
- Mich. Comp. Laws § 38.1405Violation; penalty.
- Mich. Comp. Laws § 38.1406Saving clause.
- Mich. Comp. Laws § 38.1407Repeal of MCL 38.201 to 38.366.
- Mich. Comp. Laws § 38.1408Administration of retirement system as qualified pension plan created in trust under internal revenue code; requirements and benefit limitations; qualified military service.
- Mich. Comp. Laws § 38.1420Tier 2 plan; implementation.
- Mich. Comp. Laws § 38.1421Words and phrases in sections 122 to 124; date for implementation of Tier 2 plan.