Sec. 13.
By April 15 of each year, the department shall furnish to the governor, the legislature, each retirant or beneficiary of a deceased retirant, and each member, a summary of the fiscal transactions of the retirement system for the last completed fiscal year. The summary shall contain at least the following information from the actuarial and financial statements:
(a) A statement of assets and liabilities.
(b) A statement of investments by, and amount earned in, each category.
(c) A statement of revenues and expenditures.
(d) A statement of the estimated number of members having vested pension benefits for which the retirement system is liable.
(e) Other information the department or retirement board considers necessary.
History: 1986, Act 182, Eff. Oct. 1, 1986
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