Section 38.581 – Police or Fireman’s Retirement System; Military Service Credit.

38.581 Police or fireman’s retirement system; military service credit. Sec. 1. A city, village, or township which has a police or fireman’s retirement system which is not included under Act No. 345 of the Public Acts of 1937, as amended, being sections 38.551 to 38.562 of the Michigan Compiled Laws, may provide for a military […]

Section 38.582 – Military Service Credit; Computation of Payment to Retirement System.

38.582 Military service credit; computation of payment to retirement system. Sec. 2. A member who elects to claim the service credit provided for in section 1 shall pay to the retirement system an amount, together with interest, equal to the annual contribution rate in effect at the time of his election multiplied by the period […]