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Michigan Legislature
Michigan Compiled Laws Complete Through PA 15 of 2018
House: Adjourned until Tuesday, February 27, 2018 1:30:00 PM
Senate: Adjourned until Tuesday, February 27, 2018 10:00:00 AM

Michigan Legislature

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Section 38.2659

THE JUDGES RETIREMENT ACT OF 1992 (EXCERPT)
Act 234 of 1992


38.2659 Direction of investment by qualified participant, former qualified participant, and refund beneficiary.

Sec. 709.

Each qualified participant, former qualified participant, and refund beneficiary shall direct the investment of the individual's accumulated employer and employee contributions and earnings to 1 or more investment choices within available categories of investment provided by the state treasurer. The limitations on the percentage of total assets for investments provided in Act No. 314 of the Public Acts of 1965, being sections 38.1132 to 38.1140i of the Michigan Compiled Laws, do not apply to Tier 2.


History: Add. 1996, Act 523, Eff. Mar. 31, 1997


© 2017 Legislative Council, State of Michigan

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