FIRE FIGHTERS AND POLICE OFFICERS RETIREMENT ACT (EXCERPT)
Act 345 of 1937
38.558 Refunds of salary contributions.
Refunds of salary contributions:
(1) If a fire fighter or police officer dies before being placed on pension, the total amount of the member's salary deductions, with interest as the board may determine, but not to exceed 2% per annum, shall be payable to the person or persons that the member nominated by written designation duly executed and filed with the board. If there is no designated person or persons surviving, then the total of the member's salary deductions shall be paid to the member's legal representative or estate.
(2) If a fire fighter or police officer becomes separated from the service before being eligible for retirement, the member shall be paid the total of the member's contributions together with interest as the board may determine, but not to exceed 2% per annum credited to the member upon his or her written request for a refund. If the person again becomes employed by the city, village, or municipality as a police officer or fire fighter, he or she shall, within 1 year following his or her reemployment, repay to the retirement system the amount previously withdrawn together with interest at 2% per year.
History: 1937, Act 345, Eff. Oct. 29, 1937
Am. 1939, Act 210, Eff. Sept. 29, 1939
Am. 1947, Act 229, Imd. Eff. June 17, 1947
CL 1948, 38.558
Am. 1951, Act 16, Imd. Eff. Mar. 30, 1951
Am. 1957, Act 52, Eff. Sept. 27, 1957
Am. 1989, Act 7, Imd. Eff. May 3, 1989
Popular Name: Act 345
© 2009 Legislative Council, State of Michigan