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RECIPROCAL RETIREMENT ACT
Act 88 of 1961
AN ACT to provide for the preservation and continuity of retirement system service credits for public employees who transfer their employment between units of government.
History: 1961, Act 88, Eff. Sept. 8, 1961
© 2009 Legislative Council, State of Michigan
The People of the State of Michigan enact:
|Section 38.1101||Section||Reciprocal retirement act; short title.
|Section 38.1102||Section||Reciprocal retirement act; definitions.
|Section 38.1103||Section||Reciprocal retirement act; adoption by municipal or state unit; certification, force and effect.
|Section 38.1104||Section||Reciprocal retirement system; eligibility for retirement allowance; conditions; commencement of retirement allowance.
|Section 38.1105||Section||Credited service generally.
|Section 38.1106||Section||Transfer of credited service; agreement between preceding reciprocal unit and succeeding reciprocal unit; resolution; financial consideration; actuarial present value of retirement allowance; written policy.