(38.1341...38.1359)

  1. Law
  2. Michigan Compiled Laws
  3. Civil Service and Retirement
  4. 300 of 1980 - The Public School Employees Retirement Act of 1979 (38.1301 - 38.1467)
  5. (38.1341...38.1359)

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Section
38.1341

Determining 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.

Section
38.1341a

Separate Contribution Rate; Unfunded Accrued Liability; "University Reporting Unit" Defined.

Section
38.1341b

Employees 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.

Section
38.1342

Reporting 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.

Section
38.1342a

Community or Junior College Reporting Units; Report; Office of Retirement Services; Report Requirements.

Section
38.1343

Percentage Paid for Participants in Optional Retirement Program.

Section
38.1343a

Contributions 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.

Section
38.1343b

Eligibility Requirements; Exceptions.

Section
38.1343c

Entitlements.

Section
38.1343d

Repealed. 2012, Act 300, Imd. Eff. Sept. 4, 2012.

Section
38.1343e

Member Before September 4, 2012; Contribution of Percentage to Funding Account Under Public Employee Retirement Health Care Funding Act; "Funding Account" Defined.

Section
38.1343g

Contribution Beginning on Transition Date; Amount; Method of Deducting Contributions; Picking Up Member Contributions for Compensation on or After Transition Date; Benefit.

Section
38.1343h

Service Credit; Enrollment for Certain Employees of Community or Junior College Reporting Unit; Requirements; Forfeit of Claim; Assessment and Payment of Supplemental Employer Contributions.

Section
38.1343i

Determination and Assessment of Supplemental Employer Contributions by Community or Junior College Reporting Units; Payment.

Section
38.1344

Separation From Service; Death; Unclaimed Retirement Allowance or Other Money.

Section
38.1345

Change or Error in Records; Correction; Adjustment in Benefits.

Section
38.1346

Benefits; Exemption From Taxation; Subject to Taxation Beginning January 1, 2012; Offset of Retirement Benefits or Refunds; Forfeiture of Service Credit.

Section
38.1347

Employee 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.

Section
38.1359

Calculation 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.