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Public Act Number: 75
Public Act Year: 2010
Document Type(s): MCLs
(33 results found)
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Document Type Description
Section 38.1304 Section Definitions; C to M.
Section 38.1325 Section Retirement board; rights, authority, and discretion; rules; limitation; study period; information to be provided to certain universities.
Section 38.1326 Section State treasurer as treasurer of retirement system; investment authority; fiduciary responsibility; disposition of funds.
Section 38.1341 Section Determining annual level percentage of payroll contribution rates; factors; unfunded actuarial accrued liability contribution rate; computation and certification of sum due and payable; payment; certification of actual aggregate compensation; adjustment; evidence of correctness; audit; duties of reporting unit; submission of difference occurring in certain fiscal years; interest rate; reassignment of assets; rate of investment return; basis of asset valuation; use of salary increase assumption; deposit to health advance funding subaccount; allocations from employer contributions; experience investigation study; risk assumptions; report; pension and retiree health care payroll growth assumption rate; "university reporting unit" defined.
Section 38.1341.amended Section Determining annual level percentage of payroll contribution rates; factors; unfunded actuarial accrued liability contribution rate; computation and certification of sum due and payable; payment; certification of actual aggregate compensation; adjustment; evidence of correctness; audit; duties of reporting unit; submission of difference occurring in certain fiscal years; interest rate; reassignment of assets; rate of investment return; basis of asset valuation; use of salary increase assumption; deposit to health advance funding subaccount; allocations from employer contributions; experience investigation study; risk assumptions; report; pension and retiree health care payroll growth assumption rate; "university reporting unit" defined.
Section 38.1341b Section Employees as members on or after July 1, 2010 and before February 1, 2018; determination of separate contribution rate for members on or after February 1, 2018; contributions; individuals performing services for entity not participating in retirement system; conditions.
Section 38.1342 Section Reporting unit contribution; exclusive obligation; contributions picked up by employer; deduction of Social Security contributions; agreement of member; forwarding retirement contributions; report; failure to submit report or contributions; late fee; intentional error or omission; withholding payment of state funds for noncompliance; exception for community or junior college student employee; "intentional" defined.
Section 38.1343c Section Entitlements.
Section 38.1343e Section Member before September 4, 2012; contribution of percentage to funding account under public employee retirement health care funding act; "funding account" defined.
Section 38.1343e.amended Section Member before September 4, 2012; contribution of percentage to funding account under public employee retirement health care funding act; "funding account" defined.
Section 38.1361 Section Employment of retirant in reporting unit.
Section 38.1381 Section Retirement allowance under MCL 38.1384; application; eligibility requirements.
Section 38.1381b Section Retirement; eligibility requirements; computation; extension; "incentivized retirement application period" defined; amortization of additional costs.
Section 38.1381c Section Member 60 years of age or older with 10 or more years of service; increase in regular retirement age; adjustment by retirement board; "regular retirement age" defined.
Section 38.1386 Section Disability allowance; requirements; extension of application time limit; computation; effective date.
Section 38.1387 Section Duty disability retirement allowance; requirements; computation; effective date; service credit; adjustment.
Section 38.1391 Section Hospital, medical-surgical, and sick care retirant benefits; dental and vision retirant benefits; retirement system premium; maximum contribution rate; health benefits coverage for dependent of retirant; coordination of benefits; definitions.
Section 38.1392a Section Administration of changes; appropriation; work project; carrying forward unencumbered or unallotted funds.
Section 38.1420 Section Tier 2 plan; implementation.
Section 38.1421 Section Words and phrases in sections 122 to 124; date for implementation of Tier 2 plan.
Section 38.1422 Section "Accumulated balance" and "compensation" defined.
Section 38.1423 Section "Employer" and "former qualified participant" defined.
Section 38.1424 Section "Plan document," "qualified participant," "refund beneficiary," and "state treasurer" defined.
Section 38.1425 Section Tier 2; department as fiduciary and trustee; appointment of advisory board; provisions and procedures; personnel and other services; adoption and compliance.
Section 38.1426 Section Request for hearing; conduct under administrative procedures act of 1969.
Section 38.1427 Section Investment; direction by qualified participant, former qualified participant, and refund beneficiary; applicability of limitations; annuity options.
Section 38.1428 Section Tier 2; administrative expenses.
Section 38.1429 Section Participation in other public sector retirement benefits plan; "public sector employer" defined.
Section 38.1431 Section Tier 2 account; contributions; additional contribution; additional matching contributions by employer.
Section 38.1432 Section Vesting.
Section 38.1434 Section Refund beneficiary.
Section 38.1435 Section Tier 2; eligibility to receive distribution; effect of death of qualified participant; methods of distribution.
Section 38.1437 Section Exemption from state, county, municipal, or local tax; right to setoff to recover overpayments.