38.2601 False statement or violation as misdemeanor; penalty. Sec. 601. A person who, with intent to deceive, makes a false statement in a report or record required under this retirement system, or who, with intent to deceive, violates this act or a rule promulgated under this act is guilty of a misdemeanor, punishable by imprisonment […]
38.2602 Change or error in records; adjustment. Sec. 602. If a change or error in the records of the retirement system results in a retirant, retirement allowance beneficiary, or refund beneficiary receiving from the retirement system more or less than the retirant, retirement allowance beneficiary, or refund beneficiary would have been entitled to receive had […]
38.2603 Retirement board member or employee; prohibited acts. Sec. 603. Except as provided in this act, a retirement board member or employee of the retirement board shall not have any interest, direct or indirect, in the gains or profits of any investments made of retirement system funds. Except as provided in section 202, a board […]
38.2604 Intent of act; employer-financed benefits; limitations; use of assets; returning post-tax member contributions; beginning date of distributions; minimum distribution requirements; termination of retirement system; election to rollover to retirement plan; interest rate; consideration of compensation; qualified military service. Sec. 604. (1) This section is enacted under section 401(a) of the internal revenue code, 26 […]
38.2605 Effect of proceedings, rights, and liabilities existing under former judges retirement system or former probate judges retirement system. Sec. 605. All proceedings pending and all rights and liabilities existing, acquired, or incurred under the former judges retirement system or former probate judges retirement system at the time this act takes effect are saved. Those […]
38.2606 Transfer of assets, rights, and obligations under former retirement systems to judges retirement system. Sec. 606. All assets, rights, and obligations under the former judges retirement system and former probate judges retirement system are transferred to this retirement system. These assets, rights, and obligations shall continue to be accounted for in the various reserves […]
38.2607 Repeal of MCL 38.801 to 38.831, 38.901 to 38.933, and 600.2530a. Sec. 607. (1) Act No. 198 of the Public Acts of 1951, being sections 38.801 to 38.831 of the Michigan Compiled Laws and Act No. 165 of the Public Acts of 1954, being sections 38.901 to 38.933 of the Michigan Compiled Laws, are […]
38.2608 Conditional effective date. Sec. 608. This act shall not take effect unless House Bill No. 6097 of the 86th Legislature is enacted into law. History: 1992, Act 234, Eff. Mar. 31, 1993
