PUBLIC EMPLOYEE RETIREMENT HEALTH CARE FUNDING ACT (EXCERPT)
Act 77 of 2010
38.2737 Assets; diversion for other purposes prohibited.Sec. 7.
The assets of the irrevocable trust shall be used exclusively for the benefit of past members and their funding account dependents and shall not be diverted for a purpose other than the payment of retirement health care benefits and the administrative costs of providing such benefits.
History: 2010, Act 77, Imd. Eff. May 19, 2010
© 2009 Legislative Council, State of Michigan
