Section 38.1392 – Long-Term Care Insurance; Withholding From Retirement Allowance.
38.1392 Long-term care insurance; withholding from retirement allowance. Sec. 92. Beginning on July 1, 2004, upon written application of a retirant, the retirement system shall withhold from the retirant’s retirement allowance the entire monthly premium for voluntary long-term care insurance for the retirant, the retirement allowance beneficiary, and health insurance dependents, as that term is […]
Section 38.1392a – Administration of Changes; Appropriation; Work Project; Carrying Forward Unencumbered or Unallotted Funds.
38.1392a Administration of changes; appropriation; work project; carrying forward unencumbered or unallotted funds. Sec. 92a. (1) There is appropriated for the fiscal year ending September 30, 2010, $4,500,000.00 to the office of retirement services in the department of technology, management, and budget for administration of the changes under the amendatory act that added this section. […]
Section 38.1381c – Member 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.
38.1381c Member 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. Sec. 81c. (1) A member who first becomes a member on or after July 1, 2010 who no longer is working as a public school employee or […]
Section 38.1392b – Appropriation; Purposes; Amount; Completion Date.
38.1392b Appropriation; purposes; amount; completion date. Sec. 92b. (1) There is appropriated for the fiscal year ending September 30, 2012, $4,700,000.00 to the office of retirement services in the department of technology, management, and budget for administration of the changes under the amendatory act that added this section. (2) The appropriation authorized in subsection (1) […]
Section 38.1381d – Employment on or After September 4, 2012; Election to Participate in Tier 2; Method of Accepting Elections; Election Period; Member Not Making Election Considered as Member of Tier 1; Employment on or After February 1, 2018; Collection of Employer and Employee Contributions; Qualified Participant Considered as Participant in Tier 2; Definitions.
38.1381d Employment on or after September 4, 2012; election to participate in Tier 2; method of accepting elections; election period; member not making election considered as member of Tier 1; employment on or after February 1, 2018; collection of employer and employee contributions; qualified participant considered as participant in Tier 2; definitions. Sec. 81d. (1) […]
Section 38.1392c – Appropriation.
38.1392c Appropriation. Sec. 92c. (1) There is appropriated for the fiscal year ending September 30, 2017, $5,000,000.00 to the office of retirement services in the department for administration of the changes under the amendatory act that added this section. (2) The appropriation authorized in subsection (1) is a work project appropriation, and any unencumbered or […]
Section 38.1382 – Deferred Vested Service Retirement Allowance; Entitlement; Computation; Application; Forfeiture; Payment of Option to Beneficiary.
38.1382 Deferred vested service retirement allowance; entitlement; computation; application; forfeiture; payment of option to beneficiary. Sec. 82. (1) A member who terminates reporting unit service before 60 years of age for a reason other than the member’s retirement or death, who does not withdraw accumulated contributions standing to the member’s credit in the reserve for […]
Section 38.1393 – Third-Party Study.
38.1393 Third-party study. Sec. 93. (1) The director of the department, senate majority leader, and speaker of the house of representatives shall commission an independent third party at a cost of no more than $150,000.00 to conduct a study and prepare a report analyzing the current retirement system and develop a proposed plan to ensure […]
Section 38.1383 – Date of Retirement Allowance; Payment on Cessation of Eligibility for Continuation of Benefits.
38.1383 Date of retirement allowance; payment on cessation of eligibility for continuation of benefits. Sec. 83. (1) Each retirement allowance shall date from the first of the month following the month in which the applicant satisfies the age and service requirements of this act and terminated reporting unit service, but not more than 12 months […]
Section 38.1384 – Retirement Allowance; Benefits; Applicability of Reduction; Recalculation of Retirement Allowance; Adjusted Retirement Allowance; Election to Return Retirement Allowance Payments.
38.1384 Retirement allowance; benefits; applicability of reduction; recalculation of retirement allowance; adjusted retirement allowance; election to return retirement allowance payments. Sec. 84. (1) Subject to section 84b and except as provided in subsection (2), upon the member’s retirement from service as provided in section 81, a member shall receive a retirement allowance that equals the […]