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Document Type(s): MCLs
Public Act Number: 487
Public Act Year: 1996
(29 results found)
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Document Type Description
Act 240 of 1943 Statute STATE EMPLOYEES' RETIREMENT ACT (38.1 - 38.69)
Section 38.1e Section Definitions; F to I.
Section 38.1i Section Definitions; S, T.
Section 38.2 Section State employees' retirement system; creation; administration by retirement board; rules.
Section 38.11 Section Employees' savings fund, employer's accumulation fund, annuity reserve fund, pension reserve fund, income fund, expense fund, and health insurance reserve fund; creation; health advance funding subaccount; description of funds as reference to accounting records of retirement system.
Section 38.13 Section Membership in retirement system.
Section 38.19f Section Retirement and receipt of retirement allowance; requirements; accumulated sick leave; request to extend effective date of retirement; calculation; state contract prohibited.
Section 38.20d Section Hospitalization, medical, dental, and vision coverage insurance premium; computation and allocation of cost savings; payment by retirement board; “retirant” defined.
Section 38.50 Section Election to terminate participation in Tier 1 and to participate in Tier 2; irrevocability; termination of employment; reemployment of deferred or former nonvested member; method of election; signature of spouse; waiver; election subject to eligible domestic relations order act; effect of disqualification notice from United States internal revenue service; exception.
Section 38.51 Section Transfer of lump sum amount.
Section 38.52 Section Calculation of accrued cost savings for each fiscal year.
Section 38.53 Section Meanings of words and phrases; definitions; A to C.
Section 38.54 Section Definitions; E to H.
Section 38.55 Section Definitions; P to Y.
Section 38.56 Section State treasurer; powers and duties.
Section 38.57 Section Hearing.
Section 38.58 Section Investment of employer and employee contributions and earnings; direction by participant.
Section 38.59 Section Payment of administrative expenses.
Section 38.60 Section Other public sector retirement benefits plan; participation.
Section 38.61 Section Election by elected or appointed official.
Section 38.62 Section Transfer of amount; crediting and charging participant account.
Section 38.63 Section Contributions by employer and participant.
Section 38.64 Section Tier 2; vesting requirements.
Section 38.65 Section Crediting years of service accrued.
Section 38.66 Section Refund beneficiary.
Section 38.67 Section Distributions of accumulated balance.
Section 38.67a Section Duty disability retirement allowance; supplemental benefit; health insurance coverage; exception.
Section 38.68 Section Health insurance coverage.
Section 38.69 Section Exemptions from taxation; subject to public employee retirement benefit protection law; right of setoff to recover overpayments; satisfaction of claims arising from embezzlement or fraud; correction of errors in records and actions.