Section 38.2101 – Short Title.
38.2101 Short title. Sec. 101. This act shall be known and may be cited as “the judges retirement act of 1992”. History: 1992, Act 234, Eff. Mar. 31, 1993
Section 38.2102 – Meanings of Words and Phrases.
38.2102 Meanings of words and phrases. Sec. 102. For the purposes of this act, the words and phrases defined in this article have the meanings ascribed to them in those sections. History: 1992, Act 234, Eff. Mar. 31, 1993
Section 38.2103 – Definitions; A.
38.2103 Definitions; A. Sec. 103. (1) “Accumulated contributions” means the balance standing to the member’s credit in the reserve for member contributions. The balance includes member contributions and interest attributable to those contributions. (2) “Active duty” means full-time duty in the armed forces other than active duty that is exclusively for training purposes. (3) “Actuarial […]
Section 38.2104 – Definitions; C, D.
38.2104 Definitions; C, D. Sec. 104. (1) “Compensation” means 1 of the following: (a) For a plan 1 member or plan 2 member, the salary paid by this state. (b) For a plan 3 member, the salary paid by this state, except that for a plan 3 member who is a judge of the recorder’s […]
Section 38.2105 – Definitions; E, F.
38.2105 Definitions; E, F. Sec. 105. (1) Beginning January 1, 2002, except as otherwise provided in this subsection, “eligible retirement plan” means 1 or more of the following: (a) An individual retirement account described in section 408(a) of the internal revenue code, 26 USC 408. (b) An individual retirement annuity described in section 408(b) of […]
Section 38.2106 – Definitions; I to M.
38.2106 Definitions; I to M. Sec. 106. (1) “Interest” means the rate or rates of interest per annum, compounded annually, as determined by the retirement board. (2) “Internal revenue code” means the United States internal revenue code of 1986. (3) “Judge” means a duly elected or appointed justice of the supreme court, judge of the […]
Section 38.2107 – Definitions; O.
38.2107 Definitions; O. Sec. 107. (1) “Option A beneficiary” means the retirement allowance beneficiary designated by the member under section 506(1)(a). (2) “Option B beneficiary” means the retirement allowance beneficiary designated by the member under section 506(1)(b). (3) “Other public service” means any of the following services performed within this state by a member: (a) […]
Section 38.2108 – Definitions; P.
38.2108 Definitions; P. Sec. 108. (1) “Plan 1 member” means a member or vested former member who is or was the governor, lieutenant governor, secretary of state, attorney general, or legislative auditor general. (2) “Plan 2 member” means a member or vested former member who is or was the constitutional court administrator, a justice of […]
Section 38.2109 – Definitions; R.
38.2109 Definitions; R. Sec. 109. (1) “Refund beneficiary” means 1 or more persons whom the member, vested former member, or retirant nominates under section 405 for the purpose of being paid accumulated contributions in the event of the death of the member, vested former member, or retirant if a retirement allowance is not payable to […]
Section 38.2110 – Definitions; S.
38.2110 Definitions; S. Sec. 110. (1) “Salary standardization payment” means the amount of money payable by this state to a county, a city, or a district control unit for supplemental salary paid to a judge, a portion of which a plan 3 member may convert under section 504 as additional compensation for the purpose of […]
Section 38.2110a – “Tier 1” and “Tier 2” Defined.
38.2110a “Tier 1” and “Tier 2” defined. Sec. 110a. (1) “Tier 1” means the retirement plan available under this act to a member who first became a judge or state official before March 31, 1997 and who does not elect to become a qualified participant of Tier 2. (2) “Tier 2” means the retirement plan […]
Section 38.2111 – Definitions; V.
38.2111 Definitions; V. Sec. 111. “Vested former member” means a member who is entitled to a deferred vested service retirement allowance under section 502. History: 1992, Act 234, Eff. Mar. 31, 1993