HOUSE BILL No. 4366


     February 25, 1997, Introduced by Reps. Gustafson, McBryde, Kaza, Goschka, Lowe, Dobb, Brackenridge, Martinez, Gilmer and Cherry and referred to the Committee on Public Retirement.


        A bill to amend 1984 PA 427, entitled

   "Municipal employees retirement act of 1984,"

   (MCL 38.1501 to 38.1555) by adding section 10b.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 1         SEC. 10B.  A RETIREMENT SYSTEM ESTABLISHED UNDER THIS ACT IS

 2    SUBJECT TO THE REGULATION OF EARLY RETIREMENT BENEFITS ACT.

 3         Enacting section 1.  This amendatory act does not take

 4    effect unless Senate Bill No.  38

 5                                    of the 89th Legislature is

 6    enacted into law.












   00542'97          Final page.                            KKR