PocketLaw | Michigan Compiled Laws | 240 of 1943 - State Employees'

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

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Short Title; Meanings of Words and Phrases.

Definitions; A, B.

Definitions; B, C.

Definitions; D.

Definitions.

Definitions; F to I.

Definitions; M to O.

Definitions; P.

Definitions; R.

Definitions; S, T.

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

Retirement Board; Appointment and Terms of Members.

Retirement Board; Vacancies, Vacation of Office.

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

Retirement Board; Officers and Employees.

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

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

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

Retirement Board Members and Employees; Interest in Investments Prohibited.

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.

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

Membership in Retirement System.

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.

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

Information Required of Members by Retirement Board.

Original Members; Prior Service Certification.

Cessation of Membership; Reemployment.

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

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

Credited Service to Include Service Rendered Certain Universities.

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

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

38.17f - Repealed. 1998, Act 205, Eff.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

Parental Leave; Purchase of Service Credit.

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

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

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

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

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

Purchase of Service Credit; Limitation; Refund.

City Employee; Transfer or Purchase of Service Credit.

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

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.

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.

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.

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.

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.

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

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

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.

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

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

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.

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.

Minimum Retirement Allowance.

Increase in Monthly Retirement Allowance; Payment.

Supplement to Retirement Allowance.

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

Supplemental Retirement Allowance; Amount; Payment.

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

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.

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

Supplement.

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.

Duty Disability Retirement.

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

Retirement for Disability Before Attaining Age 60; Benefits.

Non-Duty Disability Retirement.

Retirement for Disability.

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

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

Retirement Allowances Granted Under MCL 38.27; Adjustment.

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

Death Before Retirement; Refund of Contributions.

Withholding Refund of Contributions.

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.

Remarriage of Surviving Spouse.

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

Disability Retirant; Reinstatement to Service, Service Credits Allowable.

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

Election Under MCL 38.50a; Contribution.

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

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.

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

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

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

Correction of Errors in Payment of Retirement Allowances.

Retirement System Records; Falsification, Penalty.

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

Rights, Privileges, and Benefits of Vested Employee.

Member Employed by State Judicial Council.

Definitions.

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

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

Report.

Conservation Officers.

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

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.

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

Transfer of Lump Sum Amount.

Calculation of Accrued Cost Savings for Each Fiscal Year.

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

Definitions; E to H.

Definitions; P to Y.

State Treasurer; Powers and Duties.

Hearing.

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

Payment of Administrative Expenses.

Other Public Sector Retirement Benefits Plan; Participation.

Election by Elected or Appointed Official.

Transfer of Amount; Crediting and Charging Participant Account.

Contributions by Employer and Participant.

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

Tier 2; Vesting Requirements.

Crediting Years of Service Accrued.

Refund Beneficiary.

Distributions of Accumulated Balance.

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

Health Insurance Coverage.

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

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.

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

Administration of Changes; Appropriation.

Appropriation.

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.