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Michigan Legislature
Michigan Compiled Laws Complete Through PA 348 of 2018
House: Adjourned until Tuesday, November 27, 2018 1:30:00 PM
Senate: Adjourned until Tuesday, November 27, 2018 10:00:00 AM

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NOTE: Dates reflect any modification to item, not necessarily a change in law.

Act 77 of 2010 - PUBLIC EMPLOYEE RETIREMENT HEALTH CARE FUNDING ACT (38.2731 - 38.2747)
Section 38.2731 ‑ Short title; meanings of words and phrases.
Section 38.2732 ‑ Definitions; D to H.
Section 38.2732a ‑ Definitions; M to P.
Section 38.2732b ‑ Definitions; R to V.
Section 38.2733 ‑ Irrevocable trust; authorization; creation; establishment; governing board of each retirement system as grantor; members of retirement system board as trustees; deposits; distributions; funding account; preparation of annual financial statements; establishment and maintenance of health reimbursement accounts; separate prefunding account.
Section 38.2734 ‑ Assets as irrevocable.
Section 38.2735 ‑ Assets; use; limitation.
Section 38.2736 ‑ Assets not subject to certain processes of law.
Section 38.2737 ‑ Assets; diversion for other purposes prohibited.
Section 38.2738 ‑ Remaining trust assets; dissolution; distribution; remaining health reimbursement account assets.
Section 38.2739 ‑ Written trust agreement; contents.
Section 38.2740 ‑ Retirement health care benefits; prefunding; credit to funding account; contribution or credit to health reimbursement account.
Section 38.2740a ‑ Health reimbursement account; vesting; rights.
Section 38.2741 ‑ Written plan document; terms and conditions of payments of retirement health care benefits and reimbursements of medical expenses.
Section 38.2742 ‑ Severability.
Section 38.2743 ‑ Trusts; validity.
Section 38.2744 ‑ Taxation of assets and income; exemption.
Section 38.2745 ‑ Trustee; exception from certain responsibilities; indemnification.
Section 38.2747 ‑ Correction of error by trustees.

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