Section 38.2307 Disposition of Unclaimed Retirement Allowance or Money Payable on Separation or Death.

MI Comp L § 38.2307 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 307.

Upon the separation from service by a member or upon the death of a retirant, a retirement allowance beneficiary, or a refund beneficiary, any unclaimed retirement allowance or other money otherwise payable on account of the separation or death remains a part of the reserve in which it is deposited until claimed by the separated member, retirement allowance beneficiary, refund beneficiary, or the estate or legal representative of a separated member, retirement allowance beneficiary, or refund beneficiary.

History: 1992, Act 234, Eff. Mar. 31, 1993