PUBLIC EMPLOYEE RETIREMENT BENEFITS FORFEITURE ACT (EXCERPT)
Act 350 of 1994
As used in this act:
(a) “Felony arising out of his or her service as a public employee” means 1 or more of the following:
(i) A felony resulting from the misuse of public funds.
(ii) A felony resulting from the receipt of a bribe or other financial benefit in that person's capacity as a public employee.
(b) “Member” means a member, vested former member, or deferred member of a retirement system.
(c) “Retirant” means a person who has retired with a retirement benefit payable from a retirement system.
(d) “Retirement benefit” means an annuity, a retirement allowance, a pension, an optional benefit, a postretirement benefit, and any other right accrued or accruing to a member under a retirement system. Retirement benefit does not include health benefits provided to a retirant or his or her beneficiaries by a retirement system.
(e) “Retirement system” means a public employee retirement system established by this state or a political subdivision of this state.
History: 1994, Act 350, Eff. Mar. 30, 1995
Am. 1996, Act 467, Imd. Eff. Dec. 26, 1996
© 2009 Legislative Council, State of Michigan