Section 38.1501 – Short Title.

38.1501 Short title. Sec. 1. This act shall be known and may be cited as the “municipal employees retirement act of 1984”. History: 1984, Act 427, Imd. Eff. Jan. 2, 1985

Section 38.1502 – Meanings of Words and Phrases.

38.1502 Meanings of words and phrases. Sec. 2. For the purposes of this act, the words and phrases defined in sections 2a to 2c have the meanings ascribed to them in those sections. History: 1984, Act 427, Imd. Eff. Jan. 2, 1985

Section 38.1502a – Definitions; C to J.

38.1502a Definitions; C to J. Sec. 2a. (1) “Certification date” means August 15, 1996. (2) “Chief judge” means the chief judge of a judicial circuit court, a judicial district court, or a judicial probate court as provided in the revised judicature act of 1961, 1961 PA 236, MCL 600.101 to 600.9948. (3) “Governing body” means […]

Section 38.1502b – Definitions; M.

38.1502b Definitions; M. Sec. 2b. (1) “Member” means an individual who is included in the membership of the retirement system, as determined by the retirement board. (2) “Municipality” means 1 or more of the following: (a) A county, county road commission, city, village, or township. (b) A public corporation or instrumentality established by 1 or […]

Section 38.1502c – Definitions; P to V.

38.1502c Definitions; P to V. Sec. 2c. (1) “Participating court” means a judicial circuit court, a judicial district court, or a judicial probate court that has elected to be governed by the provisions of this act. (2) “Participating municipality” means a municipality that has elected to be governed by the provisions of this act. Two […]

Section 38.1503-38.1510a – Repealed. 1996, Act 220, Eff. Aug. 15, 1996.

38.1503-38.1510a Repealed. 1996, Act 220, Eff. Aug. 15, 1996. Compiler’s Notes: The repealed sections pertained to credited service.

Section 38.1511 – Repealed. 1986, Act 291, Imd. Eff. Dec. 22, 1986.

38.1511 Repealed. 1986, Act 291, Imd. Eff. Dec. 22, 1986.

Section 38.1512-38.1535 – Repealed. 1996, Act 220, Eff. Aug. 15, 1996.

38.1512-38.1535 Repealed. 1996, Act 220, Eff. Aug. 15, 1996. Compiler’s Notes: The repealed sections pertained to benefit programs.

Section 38.1536 – Retirement Board; Creation; Retirement System as Public Corporation; Powers and Duties; Administrative Functions; Membership; Rules of Procedure; Record of Proceedings; Quorum; Voting; Term of Office; Oath; Expenses; Absence of Member From Work; Vacancy; Chairperson and Chairperson Pro-Tem; Chief Executive Officer.

38.1536 Retirement board; creation; retirement system as public corporation; powers and duties; administrative functions; membership; rules of procedure; record of proceedings; quorum; voting; term of office; oath; expenses; absence of member from work; vacancy; chairperson and chairperson pro-tem; chief executive officer. Sec. 36. (1) A retirement board is created to administer this act. Before August […]

Section 38.1536a – Repealed. 2004, Act 490, Imd. Eff. Dec. 28, 2004.

38.1536a Repealed. 2004, Act 490, Imd. Eff. Dec. 28, 2004. Compiler’s Notes: The repealed section pertained to promulgation of administrative rules.

Section 38.1537, 38.1538 – Repealed. 1996, Act 220, Eff. Aug. 15, 1996.

38.1537, 38.1538 Repealed. 1996, Act 220, Eff. Aug. 15, 1996. Compiler’s Notes: The repealed sections pertained to annual reports, tables, data, and information.

Section 38.1539 – Retirement Board as Trustees of Money and Other Assets; Investments; Investment Counsel; Purpose of Investments; Discretionary Authority.

38.1539 Retirement board as trustees of money and other assets; investments; investment counsel; purpose of investments; discretionary authority. Sec. 39. (1) The retirement board shall be the trustees of the money and other assets of the retirement system. The board shall have full power and authority to invest and reinvest the money and other assets […]

Section 38.1540 – Prohibited Conduct.

38.1540 Prohibited conduct. Sec. 40. Members of the retirement board and employees of the retirement system are prohibited from: (a) Having any beneficial interest, direct or indirect, in any investment of the retirement system. (b) Being an endorser or obligor, or providing surety, for any money loaned to or borrowed from the retirement system. (c) […]

Section 38.1541-38.1544a – Repealed. 1996, Act 220, Eff. Aug. 15, 1996.

38.1541-38.1544a Repealed. 1996, Act 220, Eff. Aug. 15, 1996. Compiler’s Notes: The repealed sections pertained to election to participate or change benefit and contribution programs.

Section 38.1545 – Annual Meeting; Selection of Members to Retirement Board; Transaction of Business; Notice of Meeting; Certification of Delegates; Conduct of Election; Nominating Procedures; Referendum.

38.1545 Annual meeting; selection of members to retirement board; transaction of business; notice of meeting; certification of delegates; conduct of election; nominating procedures; referendum. Sec. 45. (1) The retirement board shall call an annual meeting of the retirement system for the purpose of selecting members of the retirement board and the transaction of such other […]

Section 38.1545a-38.1554 – Repealed. 1996, Act 220, Eff. Aug. 15, 1996.

38.1545a-38.1554 Repealed. 1996, Act 220, Eff. Aug. 15, 1996. Compiler’s Notes: The repealed sections pertained to disposition of reserves.

Section 38.1545b – Contested Case Hearing.

38.1545b Contested case hearing. Sec. 45b. The retirement board shall provide for a hearing on written request of a person, participating court, or participating municipality aggrieved by a decision of the retirement system. The hearing under this section must be conducted as a contested case under chapter 4 of the administrative procedures act of 1969, […]

Section 38.1555 – Repeal of MCL 38.601 to 38.669.

38.1555 Repeal of MCL 38.601 to 38.669. Sec. 55. Act No. 135 of the Public Acts of 1945, being sections 38.601 to 38.669 of the Michigan Compiled Laws, is repealed. History: 1984, Act 427, Imd. Eff. Jan. 2, 1985

Section 38.1556 – Repealed. 1996, Act 220, Eff. Aug. 15, 1996.

38.1556 Repealed. 1996, Act 220, Eff. Aug. 15, 1996. Compiler’s Notes: The repealed section pertained to retirement system as qualified pension plan and trust as exempt organization.

Section 38.1557 – Repealed. 1992, Act 63, Eff. May 22, 1993.

38.1557 Repealed. 1992, Act 63, Eff. May 22, 1993. Compiler’s Notes: The repealed section pertained to a municipality participating in the retirement system.