Section 38.36, 38.37 – Repealed. 1974, Act 216, Imd. Eff. July 19, 1974.
38.36, 38.37 Repealed. 1974, Act 216, Imd. Eff. July 19, 1974. Compiler’s Notes: The repealed sections pertained to payroll deduction of contributions to employees’ savings fund.
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.
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. Sec. 50. (1) Except […]
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.
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 […]
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.
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. Sec. 50a. (1) The retirement system shall permit each member who is a member on December 31, 2011 to make an election with the retirement system to continue to receive […]
Section 38.39 – Repealed. 1982, Act 316, Imd. Eff. Oct. 18, 1982.
38.39 Repealed. 1982, Act 316, Imd. Eff. Oct. 18, 1982. Compiler’s Notes: The repealed section pertained to payment of appropriation into employer’s accumulation fund.
Section 38.39a – Reserves for Retirement Allowances; Legislative Determination of Funds From Which Appropriations Made.
38.39a Reserves for retirement allowances; legislative determination of funds from which appropriations made. Sec. 39a. In the making of appropriations required under the provisions of sections 38 and 39, the appropriations by the legislature meeting employer’s contributions covering employees, to the extent of compensation, now or hereafter paid from the general fund, and any other […]
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.
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. Sec. 40. (1) Except as otherwise provided in this section, the right of a person to a pension, an annuity, a retirement allowance, and any optional benefit and any other right […]
Section 38.41 – Correction of Errors in Payment of Retirement Allowances.
38.41 Correction of errors in payment of retirement allowances. Sec. 41. Should any change or error in the records result in any member, retirant or beneficiary receiving from the retirement system more or less than he would have been entitled to receive had the records been correct, the retirement board shall correct such error and, […]
Section 38.42 – Retirement System Records; Falsification, Penalty.
38.42 Retirement system records; falsification, penalty. Sec. 42. Penalty for false statements. Any person who shall knowingly make any false statements, or shall falsify or permit to be falsified any record or records of this retirement system in any attempt to defraud the retirement system as a result of such act, shall be guilty of […]
Section 38.43 – Repealed. 1997, Act 148, Eff. Jan. 30, 1998.
38.43 Repealed. 1997, Act 148, Eff. Jan. 30, 1998. Compiler’s Notes: The repealed section pertained to contributions made to dissolved authority and transfer to retirement plan of successor agency.