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Michigan Compiled Laws Complete Through PA 29 of 2013

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Act 156 of 1967 - OPTIONAL RETIREMENT ACT OF 1967 (38.381 - 38.388)
Section 38.381 ‑ Optional retirement act of 1967; short title.
Section 38.382 ‑ Definitions.
Section 38.383 ‑ Optional retirement program; establishment; participation of eligible employees, terms and conditions.
Section 38.383a ‑ Availability of program to state supported institution of higher education's employees.
Section 38.384 ‑ Board of control; purchase of contracts providing for optional program benefits for employees.
Section 38.385 ‑ Optional retirement program; election; time; reelection to retirement system.
Section 38.386 ‑ Optional retirement program; participant deemed limited member of retirement system; refund of contributions upon termination of service or death; computation of benefits; reelection to retirement system as bar to service credit.
Section 38.387 ‑ Optional retirement program; amounts to be disbursed and credited to employee's benefit.
Section 38.388 ‑ Federal social security old-age, survivors' and disability insurance coverage.