Article-1 V - ii (38.2651...38.2670)

Article-1 V - ii (38.2651...38.2670)

Section 38.2651 Participation in Tier 1 or Tier 2 by Member, Vested Former Member, or Former Nonvested Member; Election; Writing; Irrevocability; Method; Election Subject to Domestic Relations Order Act; Disqualification for Tax Purposes; Election Not Implemented Due to Court Order.
Section 38.2651a Participation of Judge of Circuit Court, Probate Court, or District Court in Tier 1 or Tier 2; Election; Window of Opportunity; Method; Disqualification for Tax Purposes.
Section 38.2651b Election Pursuant to Mcl 38.2651 or Mcl 38.2651a.
Section 38.2652 Termination of Membership; Transfer, Recomputation, and Calculation by Retirement System.
Section 38.2652a Termination of Membership in Tier 1 Pursuant to Mcl 38.2651a; Definitions; Transfer to Account in Tier 2; Calculation; Disqualification for Tax Purposes.
Section 38.2653 Calculation and Submission of Cost Savings.
Section 38.2654 Meanings of Words and Phrases; “Accumulated Balance” Defined.
Section 38.2655 “Employer,”“former Qualified Participant,” and “Health Benefit Dependent” Defined.
Section 38.2656 “Qualified Participant,”“refund Beneficiary,”“salary,” and “State Treasurer” Defined.
Section 38.2657 Administration of Tier 2 by State Treasurer.
Section 38.2658 Hearing.
Section 38.2659 Direction of Investment by Qualified Participant, Former Qualified Participant, and Refund Beneficiary.
Section 38.2660 Administrative Expenses.
Section 38.2661 Participation in Other Retirement Benefits Plan; Prohibition.
Section 38.2662 Judge or State Official; Election Not to Participate or to Discontinue Participation in Tier 2.
Section 38.2663 Election to Terminate Membership in Tier 1; Credit or Charge to Tier 2 Account.
Section 38.2664 Contributions by Employer and Participant.
Section 38.2665 Vesting Requirements.
Section 38.2666 Participation in Tier 2; Crediting Years of Service Accrued Under Tier 1.
Section 38.2667 Refund Beneficiary.
Section 38.2668 Methods of Distribution.
Section 38.2669 Health Insurance Coverage.
Section 38.2670 Distributions; Exemption From Tax; Subject to Taxation Beginning January 1, 2012; Right of Setoff to Recover Overpayments; Satisfaction of Claims Arising From Embezzlement or Fraud; Correction of Errors.

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