38.1 Short title; meanings of words and phrases. Sec. 1. (1) This act shall be known and may be cited as the “state employees’ retirement act”. (2) For the purposes of this act, the words and phrases defined in sections 1a to 1i have the meanings ascribed to them in those sections. History: 1943, Act […]
38.10 Retirement board members and employees; interest in investments prohibited. Sec. 10. No employe shall gain from investments. Except as provided herein, no member or employe of the retirement board shall have any interest direct or indirect in the gains or profits of any investment made by the retirement board nor as such directly or […]
38.11 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. Sec. 11. (1) There is created the employees’ savings fund, employer’s accumulation fund, annuity reserve fund, pension […]
38.12 Annual statement of retirement funds in custody of state treasurer; availability of report and other writings to public; request for statement of credit. Sec. 12. (1) The state treasurer shall furnish annually to the retirement board a statement of the amount of the funds in the custody of the treasurer belonging to the retirement […]
38.13 Membership in retirement system. Sec. 13. (1) Except as otherwise provided in this act, membership in the retirement system consists of state employees occupying permanent positions in the state civil service. All state employees except those specifically excluded by law and those who are members or eligible to be members of other statutory retirement […]
38.13a 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. Sec. 13a. Effective January 1, 1973, blind or partially sighted persons licensed as vending stand operators within the controlled programs of the bureau of blind services are […]
38.13b Credited service to include credit for service rendered to joint federal-state commission; conditions. Sec. 13b. A member who retires on or after October 1, 1979 shall have his or her credited service include credit for service rendered by him or her between October 1, 1971 and October 1, 1979 to a joint federal-state commission […]
38.14 Information required of members by retirement board. Sec. 14. Information furnished by members. Within 3 months after this act becomes effective, each original member, and within 30 days after his employment, each new member, shall submit to the retirement board a statement showing his name, sex, title, compensation, duties, date of birth, and length […]
38.15 Original members; prior service certification. Sec. 15. Subject to such rules and regulations as the retirement board shall adopt, the retirement board shall certify to each original member of the retirement system the aggregate amount of all service rendered by him prior to July 1, 1943. Such certification shall be final and conclusive for […]
38.16 Cessation of membership; reemployment. Sec. 16. (1) Except as otherwise provided in this act, if a member separates or is separated from state service without leave of absence before becoming eligible to retire with a retirement allowance payable from funds of the retirement system, the member ceases to be a member and forfeits credit […]
38.17 Service credited from state board of control for vocational education; conditions. Sec. 17. (a) At retirement a member’s credited service shall include service rendered by him under the state board of control for vocational education, to the same extent that such service would have been credited had it been rendered in a position covered […]
38.17a Use of credited service acquired in employ of governmental unit; “governmental unit of the state” defined. Sec. 17a. (1) If an employee of a department of a governmental unit of the state is transferred to the employ of the state, by reason of a function or functions of the department being transferred to the […]
38.17b Credited service to include service rendered certain universities. Sec. 17b. A member retired after January 1, 1965 shall have his or her credited service include service rendered by him or her to the university of Michigan, Michigan state university, Wayne state university, Oakland university, Grand Valley state university and Saginaw valley state university to […]
38.17c Retirement system service credit for period of service under county department of social services; conditions. Sec. 17c. Any member retired on or after January 1, 1975 who is an employee of a county department of social services who was merged and placed under the employment of the state department of social services pursuant to […]
38.17d Credited service to include service rendered to department of state police or its predecessor agencies, or to court of record; conditions. Sec. 17d. A member who retires after October 8, 1976, at the member’s request shall have his or her credited service include service rendered by that member to the department of state police, […]
38.17e, 38.17f Repealed. 1998, Act 205, Eff. Aug. 1, 1998. Compiler’s Notes: The repealed sections pertained to purchase of service credit as manager of department fee branch office or service in VISTA or peace corps program.
38.17g Parental leave; purchase of service credit. Sec. 17g. (1) A member who left or leaves service with the state or who left or leaves service for a reporting unit of the public school employees retirement system for purposes of parental leave, and returned or returns to service with the state without other intervening employment […]
38.17h Full-time service as employee with city, county, township, or village of this state; purchase of service credit. Sec. 17h. (1) A member may elect to purchase service credit for not more than 5 years of full-time service as an employee with a city, county, township, or village of this state, upon request and presentation […]
38.17i Full-time service with federal government or as state employee with another state; purchase of service credit. Sec. 17i. (1) A member may elect to purchase service credit for not more than 5 years of full-time service with the federal government, or as a state employee with another state, upon request and presentation of documentation […]
38.17j Purchase of combined total of more than 10 years prohibited; purchase of service credit in separate increments; future purchases not barred; refund; actuarial cost. Sec. 17j. (1) On and after June 23, 1987, a member who is otherwise entitled to purchase service credit under section 17g, 17h, 17i, 17k, 17l, 17m, or 17n shall […]
