240 of 1943 - State Employees' Retirement Act (38.1 - 38.69)

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  4. 240 of 1943 - State Employees' Retirement Act (38.1 - 38.69)

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Section
38.1

Short Title; Meanings of Words and Phrases.

Section
38.1a

Definitions; A, B.

Section
38.1b

Definitions; B, C.

Section
38.1c

Definitions; D.

Section
38.1d

Definitions.

Section
38.1e

Definitions; F to I.

Section
38.1f

Definitions; M to O.

Section
38.1g

Definitions; P.

Section
38.1h

Definitions; R.

Section
38.1i

Definitions; S, T.

Section
38.2

State Employees' Retirement System; Creation; Administration by Retirement Board; Rules.

Section
38.3

Retirement Board; Appointment and Terms of Members.

Section
38.4

Retirement Board; Vacancies, Vacation of Office.

Section
38.5

Retirement Board; Oath; Quorum; Conducting Business at Public Meeting; Notice of Meeting; Compensation and Expenses.

Section
38.6

Retirement Board; Officers and Employees.

Section
38.7

Retirement System; Actuarial Valuation of Assets and Liabilities; Investigation of Mortality, Service, and Compensation of Members.

Section
38.8

Administrative Board; Investment of Funds, Purchase of Life Insurance or Annuity, Deposits.

Section
38.9

State Treasurer as Custodian of Retirement System Funds; Powers and Duties.

Section
38.10

Retirement Board Members and Employees; Interest in Investments Prohibited.

Section
38.11

Employees' Savings Fund, Employer's Accumulation Fund, Annuity Reserve Fund, Pension Reserve Fund, Income Fund, Expense Fund, and Health Insurance Reserve Fund; Creation; Health Advance Funding Subaccount; Description of Funds as Reference to Accounting Records of Retirement System.

Section
38.12

Annual Statement of Retirement Funds in Custody of State Treasurer; Availability of Report and Other Writings to Public; Request for Statement of Credit.

Section
38.13

Membership in Retirement System.

Section
38.13a

Blind or Partially Sighted Licensed Vending Stand Operators Deemed Employees; Rights and Benefits; Eligibility; Contribution as Condition to Service Credit; Blindness Not Deemed Retirable Disability; Employer Cost.

Section
38.13b

Credited Service to Include Credit for Service Rendered to Joint Federal-State Commission; Conditions.

Section
38.14

Information Required of Members by Retirement Board.

Section
38.15

Original Members; Prior Service Certification.

Section
38.16

Cessation of Membership; Reemployment.

Section
38.17

Service Credited From State Board of Control for Vocational Education; Conditions.

Section
38.17a

Use of Credited Service Acquired in Employ of Governmental Unit; “Governmental Unit of the State” Defined.

Section
38.17b

Credited Service to Include Service Rendered Certain Universities.

Section
38.17c

Retirement System Service Credit for Period of Service Under County Department of Social Services; Conditions.

Section
38.17d

Credited Service to Include Service Rendered to Department of State Police or Its Predecessor Agencies, or to Court of Record; Conditions.

Section
38.17e

38.17f - Repealed. 1998, Act 205, Eff. Aug. 1, 1998.

Section
38.17g

Parental Leave; Purchase of Service Credit.

Section
38.17h

Full-Time Service as Employee With City, County, Township, or Village of This State; Purchase of Service Credit.

Section
38.17i

Full-Time Service With Federal Government or as State Employee With Another State; Purchase of Service Credit.

Section
38.17j

Purchase of Combined Total of More Than 10 Years Prohibited; Purchase of Service Credit in Separate Increments; Future Purchases Not Barred; Refund; Actuarial Cost.

Section
38.17k

Repealed. 1998, Act 205, Eff. Aug. 1, 1998.

Section
38.17l

Purchase of Additional Service Credit by Employee of State Accident Fund, Michigan Biologic Products Institute, or Liquor Control Commission.

Section
38.17m

Purchase of Service Credit; Limitation; Refund.

Section
38.17n

City Employee; Transfer or Purchase of Service Credit.

Section
38.18

Credit for Military or Federal Service; Credit for Prior Service; Conditions; Computation.

Section
38.19

Retirement Upon Written Application to Retirement Board; Retirement Without Reduction in Retirement Allowance; Definitions; Layoff Status Because Agency or Inpatient Facility Designated for Closure; Conditions; Certification; Application; Funding Additional Costs; Employees of State Accident Fund, Michigan Biologic Products Institute, or Liquor Control Commission.

Section
38.19a

Retirement Upon Satisfaction of Certain Requirements; Monthly Retirement Allowance Supplement; Benefits, Salary, or Remuneration Precluding Payment Under Subsection (2); Payment of Sick Leave; Payment by Retirement System; Amount Payable by Principal Departments; Member Considered Retirant; Deposit by Principal Department; Use of Deposits; Exception; Monthly Payment by Michigan Employment Security Commission; Service Credit for Participation in Pay Reduction Plan C; Death of Retirant or Applicant for Retirement.

Section
38.19b

Right to Retire and Receive Retirement Allowance Computed Under MCL 38.20(1); Application Period; Requirements; Payment for Accumulated Sick Leave in 60 Monthly Installments.

Section
38.19c

Right to Retire and Receive Retirement Allowance Computed Under MCL 38.20(1); Application Period; Requirements; Payment for Accumulated Sick Leave in 60 Monthly Installments.

Section
38.19d

Right to Retire and Receive Retirement Allowance Computed Under MCL 38.20(1); Application Period; Requirements; Payment for Accumulated Sick Leave in 60 Monthly Installments.

Section
38.19e

Right to Retire and Receive Retirement Allowance Computed Under MCL 38.20(1); Application Period; Requirements; Payment for Amounts Entitled to Receive at Retirement.

Section
38.19f

Retirement and Receipt of Retirement Allowance; Requirements; Accumulated Sick Leave; Request to Extend Effective Date of Retirement; Calculation; State Contract Prohibited.

Section
38.19g

Member Meeting Certain Requirements on or Before November 1, 2002; Computation of Retirement Allowance; Payment of Accumulated Sick Leave or Annual Leave; Extension of Effective Date; Participant in Tier 2.

Section
38.19h

Payments Not Tax Exempt and Subject to Certain Operations of Law.

Section
38.19i

Retirement Allowance; Computation; Accumulated Sick Leave; Purchase of Service Credit; Hiring Under Contract; Limitation.

Section
38.19j

Retirement; Requirements; Accumulated Annual Leave, Sick Leave, and Deferred Leave Hours; Forfeiture; Inclusion in Calculation for Determination of Final Average Compensation; Extension; Request; Retirement Allowance Calculation; "Incentivized Retirement Application Period" Defined.

Section
38.20

Computation of Retirement Allowance; Right to Elect Option; Retirement Before Age 65; Death of Retirant; Separation From Service; Department of Mental Health Employee Termination; Recalculation and Payment of Retirement Allowance; Eligibility of State Accident Fund or Michigan Biologic Products Institute Employees to Health Care Benefits and Certain Rights, Privileges, and Benefits.

Section
38.20a

Minimum Retirement Allowance.

Section
38.20b

Increase in Monthly Retirement Allowance; Payment.

Section
38.20c

Supplement to Retirement Allowance.

Section
38.20d

Hospitalization, Medical, Dental, and Vision Coverage Insurance Premium; Computation and Allocation of Cost Savings; Payment by Retirement Board; “Retirant” Defined.

Section
38.20e

Supplemental Retirement Allowance; Amount; Payment.

Section
38.20f

Supplement to Retirement Allowance Payable on or After September 30, 1976.

Section
38.20g

Determining 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; Effect of Death; Increase in Retirement Allowance; Computation of Cumulative Increase Amount; Supplemental Payment.

Section
38.20h

Supplemental Payments for Retirants or Retirement Allowance Beneficiaries With Retirement Allowance Effective Date Before October 1, 1986; Future Adjustments.

Section
38.20i

Supplement.

Section
38.20j

Member Not Making Election Under MCL 38.50a; Calculation of Retirement Allowance Beginning April 1, 2012; Items of Compensation; Accumulation of Service Credit; Member Making Election Under MCL 38.50a(1) and Designation Under MCL 38.50a(2); Calculation of Retirement Allowance; Items of Compensation; Accumulation of Service Credit; Treatment of Member as Tier 1; "Attainment Date" Defined.

Section
38.21

Duty Disability Retirement.

Section
38.22

Retirement for Disability at Age 60; Service Retirement Allowance; Crediting 10 Years of Service.

Section
38.23

Retirement for Disability Before Attaining Age 60; Benefits.

Section
38.24

Non-Duty Disability Retirement.

Section
38.25

Retirement for Disability.

Section
38.26

Repealed. 1955, Act 237, Eff. Oct. 24, 1955.

Section
38.27

Death Resulting From Personal Injury or Disease Arising Out of and in Course of State Employment; Survivor Benefits.

Section
38.27a

Retirement Allowances Granted Under MCL 38.27; Adjustment.

Section
38.28

Withdrawal of Member Before Retirement; Refund of Contributions; Restoration on Re-Employment; Court Administrator.

Section
38.29

Death Before Retirement; Refund of Contributions.

Section
38.30

Withholding Refund of Contributions.

Section
38.31

Election of Regular Retirement Allowance or Reduced Retirement Allowance; Payment Options; Designation of Beneficiary; Effect of Beneficiary's Death or Divorce; Request by Nonduty Disability Retirant to Change Elections; Death of Member Before Effective Date of Retirement.

Section
38.32

Remarriage of Surviving Spouse.

Section
38.33

Disability Retirant Under Age 60; Medical Examination Required; Reduction of Retirement Allowance on Account of Gainful Employment.

Section
38.34

Disability Retirant; Reinstatement to Service, Service Credits Allowable.

Section
38.35

Contribution of 3% of Employee Compensation to Funding Account; "Funding Account" Defined; Refund of Amounts Contributed Under Subsection (1).

Section
38.35a

Election Under MCL 38.50a; Contribution.

Section
38.36

38.37 - Repealed. 1974, Act 216, Imd. Eff. July 19, 1974.

Section
38.38

Annual Level Percent of Payroll Contribution Rate; Determination; Basis; Report; Computation; Amortization of Unfunded Actuarial Accrued Liability; Annual Appropriation to Retirement System; Transfer of Funds; Certification; Difference Between Actual State Contributions and Product of Contribution Rates Times Aggregate Compensations Paid; Submitting Difference Between Estimated and Actual Aggregate Compensation and Estimated and Actual Contribution Rate to Legislature for Appropriation; Interest; Deposit to Health Advance Funding Subaccount.

Section
38.39

Repealed. 1982, Act 316, Imd. Eff. Oct. 18, 1982.

Section
38.39a

Reserves for Retirement Allowances; Legislative Determination of Funds From Which Appropriations Made.

Section
38.40

Allowances, Benefits, and Other Rights; Exemption From Taxation; Subject to Tax Beginning January 1, 2012; Subject to Public Employee Retirement Benefit Protection Act.

Section
38.41

Correction of Errors in Payment of Retirement Allowances.

Section
38.42

Retirement System Records; Falsification, Penalty.

Section
38.43

Repealed. 1997, Act 148, Eff. Jan. 30, 1998.

Section
38.44

Rights, Privileges, and Benefits of Vested Employee.

Section
38.44a

Member Employed by State Judicial Council.

Section
38.45

Definitions.

Section
38.46

Retirement or Separation From Employment of Supplemental Member With Supplemental Early Retirement Allowance; Conditions; Determination of Eligibility.

Section
38.47

Temporary Straight Life Supplemental Early Retirement Allowance; Payment; Computation; Electing Optional Form of Payment.

Section
38.47a

Report.

Section
38.48

Conservation Officers.

Section
38.49

Administration of Retirement System as Qualified Pension Plan Under Internal Revenue Code; Requirements and Benefit Limitations; Qualified Military Service.

Section
38.50

Election to Terminate Participation in Tier 1 and to Participate in Tier 2; Irrevocability; Termination of Employment; Reemployment of Deferred or Former Nonvested Member; Method of Election; Signature of Spouse; Waiver; Election Subject to Eligible Domestic Relations Order Act; Effect of Disqualification Notice From United States Internal Revenue Service; Exception.

Section
38.50a

Election to Continue Receiving Credit for Future Service and Compensation; Designation; Failure to Make Election; Rescission; Reemployment of Former Nonvested Member; "Attainment Date" Defined.

Section
38.51

Transfer of Lump Sum Amount.

Section
38.52

Calculation of Accrued Cost Savings for Each Fiscal Year.

Section
38.53

Meanings of Words and Phrases; Definitions; a to C.

Section
38.54

Definitions; E to H.

Section
38.55

Definitions; P to Y.

Section
38.56

State Treasurer; Powers and Duties.

Section
38.57

Hearing.

Section
38.58

Investment of Employer and Employee Contributions and Earnings; Direction by Participant.

Section
38.59

Payment of Administrative Expenses.

Section
38.60

Other Public Sector Retirement Benefits Plan; Participation.

Section
38.61

Election by Elected or Appointed Official.

Section
38.62

Transfer of Amount; Crediting and Charging Participant Account.

Section
38.63

Contributions by Employer and Participant.

Section
38.63a

Tier 2 and Tax-Deferred Accounts; Terms and Conditions.

Section
38.64

Tier 2; Vesting Requirements.

Section
38.65

Crediting Years of Service Accrued.

Section
38.66

Refund Beneficiary.

Section
38.67

Distributions of Accumulated Balance.

Section
38.67a

Duty Disability Retirement Allowance; Supplemental Benefit; Health Insurance Coverage; Exception.

Section
38.68

Health Insurance Coverage.

Section
38.68a

Appropriation Amount; Purpose; Work Project; Estimated Completion Date.

Section
38.68b

Participant Employed on or After January 1, 2012 or Making Election Under Subsection (5) or (6); Health Insurance Coverage; Contribution to Tax-Deferred Account; Opt-Out; Calculation of Amount Under Subsection (7) and Adjustment Under Subsection (8); Implementation of Subsections (5) to (11); Method; Report.

Section
38.68c

Employment of Retiree Receiving Retirement Allowance; Stopping Retirement Payment; Applicability; "Employed by This State" Defined; Coordination of Benefits Provision; Exceptions to Subsection (1); Definitions.

Section
38.68d

Administration of Changes; Appropriation.

Section
38.68e

Appropriation.

Section
38.69

Exemptions From Taxation; Subject to Public Employee Retirement Benefit Protection Law; Right of Setoff to Recover Overpayments; Satisfaction of Claims Arising From Embezzlement or Fraud; Correction of Errors in Records and Actions.