June 14, 2012, Introduced by Senators JANSEN, NOFS, PAVLOV, YOUNG, COLBECK, BOOHER, ANDERSON, KAHN, HANSEN and PAPPAGEORGE and referred to the Committee on Appropriations.
A bill to amend 2002 PA 100, entitled
"Public employee retirement benefit protection act,"
(MCL 38.1681 to 38.1689) by amending the title and by adding
section 8a.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
TITLE
An act to protect certain rights that public employees have in
retirement benefits under certain circumstances; to provide for the
establishment of certain funds and arrangements; to protect the
rights of certain members of the governing boards of retirement
systems; and to prescribe the powers and duties of certain
retirement systems, state departments, courts, public officials,
and public employees.
Sec. 8a. (1) A retirement system that has both members and
retirants of its retirement system eligible to be elected to the
position of member of the governing board shall comply with this
section.
(2) The retirement system and the political subdivision
sponsoring the retirement system shall ensure equal treatment of
all individuals who are elected or seek to be elected to the
position of member of the governing board. The retirement system or
the political subdivision sponsoring the retirement system shall
not require a retirant who is elected or seeks to be elected to the
position of member of the governing board to meet more stringent or
additional requirements to serve, be elected, or participate in the
election process than a member who is elected or seeks to be
elected to the position of member of the governing board.
(3) If the retirement system or the political subdivision
sponsoring the retirement system compensates a member who is
elected to the position of member of the governing board, the
retirement system or the political subdivision sponsoring the
retirement system shall compensate a retirant who is elected to the
position of member of the governing board at no less than the least
amount of compensation given to a member who is elected to the
position of member of the governing board.
(4) As used in this section:
(a) "Compensate" or "compensation" mean any form of
remuneration for performing duties as a member of the governing
board including stipend pay by the retirement system or working at
taxpayer expense as an employee of or under contract with the
political subdivision sponsoring the system.
(b) "Member of the governing board" means a trustee,
commissioner, or other official member of the governing board
vested with the general administration, management, and operation
of the retirement system or other decision-making body that is
responsible for implementation and supervision of a retirement
system.