MCL - Act 182 of 1986
AN ACT to provide for the Michigan department of state police retirement system; to create certain reserves and certain funds for this retirement system; to provide for the creation of a retirement board within the department of technology, management, and budget; to prescribe the powers and duties of the retirement board; to prescribe the powers and duties of the department of state police, the department of technology, management, and budget, and certain state officers; and to repeal certain acts and parts of acts.
History: 1986, Act 182, Eff. Oct. 1, 1986
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Am. 2015, Act 168, Imd. Eff. Nov. 3, 2015
Document | Type | Description |
---|---|---|
Section 38.1601 | Section | Short title. |
Section 38.1602 | Section | Meanings of words and phrases. |
Section 38.1603 | Section | Definitions; B to L. |
Section 38.1604 | Section | Definitions; M to S. |
Section 38.1605 | Section | Michigan state police retirement system; creation. |
Section 38.1606 | Section | State police retirement board; creation; appointment, qualifications, and terms of members. |
Section 38.1607 | Section | State police retirement board; oath of member; conducting business at public meeting; notice; quorum; failure of member to attend 3 consecutive meetings; availability of writings to public; rules. |
Section 38.1608 | Section | State police retirement board; per diem compensation; reimbursement of expenses; maximum number of meetings. |
Section 38.1609 | Section | State treasurer as treasurer of retirement system; investment authority; fiduciary responsibility; limitations on investment of funds; deposit of funds; disposition of income earned by reserves. |
Section 38.1610 | Section | Warrants. |
Section 38.1611 | Section | Engagement of actuary; annual valuation; experience investigation and risk assumptions; report. |
Section 38.1612 | Section | State police retirement board; chairperson; executive secretary. |
Section 38.1613 | Section | Summary of fiscal transactions. |
Section 38.1613a | Section | Correction of error; benefit payment adjustment. |
Section 38.1614 | Section | Funding objective of retirement system; annual level percentage of payroll contribution rate; submission of differences to legislature for appropriation; allocation and deposit of funds; pension and retiree health care payroll growth assumption rate; normal cost contribution rate. |
Section 38.1614a | Section | Intent; retirement system as qualified pension plan and trust as exempt organization; administration; employer-financed benefit limitation; use and investment of assets; return of post-tax member contributions; beginning date of distributions; termination of retirement system; election to rollover to retirement plan; qualified military service. |
Section 38.1615 | Section | Reserve for employee contributions; subaccounts; transfer of accumulated member contributions. |
Section 38.1615a | Section | Mandatory contributions into the reserve for employee contributions. |
Section 38.1616 | Section | Reserve for employer contributions; transfer of accumulated employer contributions. |
Section 38.1617 | Section | Reserve for retired benefit payments; transfer between reserve for employer contributions and reserve for retired benefit payments. |
Section 38.1618 | Section | Reserve for casualty experience; initial casualty valuation as determining full funding reserve requirements; allocation from assets; retiree casualty payments; “casualty” defined. |
Section 38.1619 | Section | Reserve for undistributed investment income; amounts to be transferred; providing contingency reserves or meeting requirements of other reserve accounts; insufficient balance. |
Section 38.1620 | Section | Administrative expenses; appropriation. |
Section 38.1621 | Section | Allocation of undistributed investment income; charging amounts allocated; allocation rates. |
Section 38.1622 | Section | Payment date of retirement allowance; payment upon cessation of retirement allowance. |
Section 38.1623 | Section | Employees of department of state police as members of retirement system; Tier 1 or Tier 2 plan; resignation, death, transfer, or dismissal of member; lump sum; transfer of unclaimed contributions. |
Section 38.1624 | Section | Eligibility for retirement; application for retirement; mandatory retirement; amount of retirement allowance; death of retirant; appeal to retirement board; retirement allowance payment options; retirement allowance beneficiary; exception; written request. |
Section 38.1624a | Section | Deferred retirement option plan. |
Section 38.1624b | Section | Members on or after June 10, 2012; minimum eligibility for retirement; application for retirement; amount of retirement allowance. |
Section 38.1625 | Section | Payment of retirement allowance to surviving spouse, children, mother, father, sisters, or brothers; payment to deceased member's estate; applicability of supplements to retirement allowances and minimum annual retirement allowance provisions; maximum retirement allowance; eligibility for health insurance coverage. |
Section 38.1626 | Section | Retirement due to duty incurred disability; amount of retirement allowance; payment to surviving spouse or children; payment to deceased member's estate; maximum retirement allowance; eligibility for health insurance coverage. |
Section 38.1627 | Section | Nonduty related death prior to effective date of retirement; payment to surviving spouse or children; payment to deceased member's estate; prohibited payment; commencement of retirement allowance; eligibility for health insurance coverage. |
Section 38.1628 | Section | Retirement due to nonduty incurred disability; amount of retirement allowance; payment to surviving spouse or children; payment to deceased member's estate; eligibility for health insurance coverage. |
Section 38.1629 | Section | Retirement allowance on grounds of disability; medical examination; certification of findings; failure to return to active duty; forfeiture of rights. |
Section 38.1630 | Section | Deferred retirement allowance in lieu of refund of contributions; amount; commencement and duration of payments; forfeiture; payment to surviving spouse or dependent children; effect of reemployment; combining prior and subsequent service; recomputation of retirement allowance; service credit for member not meeting vision screening standards. |
Section 38.1631 | Section | Remarriage of surviving spouse. |
Section 38.1632 | Section | Purchase of service credit for active duty with armed forces. |
Section 38.1633 | Section | Purchase of service credit for service in VISTA or Peace Corps; eligibility exception. |
Section 38.1634 | Section | Leaving service or reducing hours of employment for purposes of maternity or paternity or child rearing; purchase of service credit; eligibility exception. |
Section 38.1635 | Section | Partial purchase of service credit. |
Section 38.1636 | Section | Reinstatement of disability retirant. |
Section 38.1637 | Section | Supplement to retirement allowance under former MCL 28.107(5). |
Section 38.1638 | Section | Supplement to retirement allowance under former MCL 28.108c. |
Section 38.1639 | Section | Supplement to retirement allowance on or after October 1, 1986. |
Section 38.1639a | Section | Monthly retirement allowance of retirant or beneficiary of deceased retirant; increase in payments; requirements; basis for calculations of future adjustments. |
Section 38.1640 | Section | Total retirement allowance of retirant or beneficiary of deceased retirant; increase; basis for calculations of future adjustments. |
Section 38.1640a | Section | Retirement allowance of retirant or retirement allowance beneficiary; increase; amount; limitation. |
Section 38.1640b | Section | Recalculation of retirement allowance. |
Section 38.1640c | Section | Supplemental benefit; conditions. |
Section 38.1641 | Section | Retirement allowance increases for command officers; effect on salary adjustments. |
Section 38.1641a | Section | Retirant participating and accruing leave time in bank time hours program established December 22, 1957 to July 13, 1963; supplement. |
Section 38.1642 | Section | Payment of hospitalization and medical, dental, and vision coverage insurance premiums; creation and function of health-dental-and vision benefits fund; health advance funding subaccount; transfer of funds; application of section to certain members. |
Section 38.1642a | Section | Elimination of health insurance coverage premium for certain members; contributions into Tier 2 account; credit to health reimbursement account. |
Section 38.1642b | Section | Qualified participant; Tier 1 and Tier 2 vesting schedule. |
Section 38.1643 | Section | Right of member, retirant, or beneficiary to retirement allowance or other benefit. |
Section 38.1644 | Section | Transfer of records, personnel, property, or funds to retirement system. |
Section 38.1645 | Section | General administration, management, and responsibility for operation of retirement system. |
Section 38.1646 | Section | Savings clause. |
Section 38.1647 | Section | Repeal of MCL 28.101 to 28.110. |
Section 38.1648 | Section | Effective date; exceptions. |
Section 38.1660 | Section | Implementation of Tier 2 plan. |
Section 38.1661 | Section | Meanings of words and phrases. |
Section 38.1662 | Section | Definitions; A to C. |
Section 38.1663 | Section | Definitions; E to F. |
Section 38.1664 | Section | Definitions; P to R. |
Section 38.1665 | Section | Administration of Tier 2 plan; department as fiduciary and trustee; plan document; employ or contract personnel. |
Section 38.1666 | Section | Claim of rights under Tier 2; hearing; application of administrative procedures act to Tier 2. |
Section 38.1666.amended | Section | Claim of rights under Tier 2; hearing; application of administrative procedures act to Tier 2. |
Section 38.1667 | Section | Investment options under Tier 2 plan; limitations do not apply. |
Section 38.1668 | Section | Payment of administrative expenses of Tier 2 plan. |
Section 38.1669 | Section | Participation in other public sector retirement benefits plan prohibited; exception. |
Section 38.1670 | Section | Tier 2 vesting and contribution requirements. |
Section 38.1672 | Section | Nomination of refund beneficiary; requirements. |
Section 38.1673 | Section | Distribution of accumulated balance in Tier 2; death of participant; optional methods of distribution. |
Section 38.1674 | Section | Right of setoff; overpayments; embezzlement or fraud; correction of errors. |