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U.S. State Codes
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Michigan
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Chapter 38 - Civil Service ...
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Act 261 of 1957 Michigan Legislative Retirement...
Act 261 of 1957 Michigan Legislative Retirement System Act (38.1001 - 38.1080)
Section 38.1001 Retirement System; Creation.
Section 38.1002 Michigan Legislative Retirement System; Name.
Section 38.1003 Construction of Terms.
Section 38.1004 “Retirement System” Defined.
Section 38.1005 Board; Definition.
Section 38.1006 “Member” Defined.
Section 38.1007 Repealed. 1981, Act 123, Imd. Eff. July 23, 1981.
Section 38.1007a “Direct Rollover” and “Distributee” Defined.
Section 38.1008 Repealed. 1981, Act 123, Imd. Eff. July 23, 1981.
Section 38.1008a Definitions.
Section 38.1009 “Salary” Defined.
Section 38.1010 Repealed. 1981, Act 123, Imd. Eff. July 23, 1981.
Section 38.1011 “Service” Defined; Election to Receive Military Service Credit; Effect of Membership in Retirement System.
Section 38.1012 “Retirement Allowance” Defined.
Section 38.1013 “Retirant” Defined.
Section 38.1013a “Survivor,”“eligible Child,” and “Surviving Spouse” Defined.
Section 38.1014 “Refund Beneficiary” Defined.
Section 38.1015 Actuarial Tables; Definition.
Section 38.1016 Prescribed Rate of Interest; Definition.
Section 38.1017 “Fiscal Year” Defined.
Section 38.1017a “Deferred Vested Member” Defined.
Section 38.1017b “Leadership Position” Defined.
Section 38.1017c “Legislator” Defined.
Section 38.1017d “Tier 1” and “Tier 2” Defined.
Section 38.1018 Legislator or Lieutenant Governor; Membership in Retirement System; Notice of Election Not to Participate; Refund of Contributions; Effect of Notice; Rescission of Notice; Contributions and Interest; Eligibility on or After March 31, 1997.
Section 38.1019 Repealed. 1981, Act 123, Imd. Eff. July 23, 1981.
Section 38.1020 Members' Retirement Fund; Creation; Purpose; Computing Retirement Reserves for Retirement Allowances; Financing; State's Appropriations for Current Service, Accrued Service, and Retirement Allowances; Allocation of Employer Contributions.
Section 38.1021 Members' Savings Fund; Creation; Purpose; Contributions; Rate; Additional Contributions; Payroll Deductions; Transfer of Contributions Upon Retirement or Death.
Section 38.1021a Member Contributions Picked Up by State.
Section 38.1022 Survivors' Retirement Fund; Creation; Purpose; Contributions; Rate; Payroll Deductions; Computing Retirement Reserves for Retirement Allowances; Financing; State's Appropriations for Survivors' Retirement Allowances.
Section 38.1022a Income Fund; Creation; Purpose; Interest, Dividends, and Other Income; Expenses.
Section 38.1022b Prorating and Allocating Annual Appropriations to Retirement System.
Section 38.1022c Health Insurance Fund; Creation; Disposition; Disbursement; Contributions; Payroll Deductions; Nonrefundable.
Section 38.1023 Requirements for Entitlement to Retirement Allowance; Right to Allowance; Amount; Recalculation of Retirement Allowance; Election to Defer Receipt of Retirement Allowance; Computation of Retirement Allowance; Longevity Allowance.
Section 38.1023a Repealed. 1974, Act 215, Eff. Dec. 31, 1974.
Section 38.1023b Retirant or Deferred Vested Member Again Becoming Legislator or Lieutenant Governor; Election to Again Become Member; Notice; Conditions; Nonpayment of Retirement Allowance; Declining to Again Become Member; Exception.
Section 38.1023c Increase of Retirement Allowance.
Section 38.1023d Disabled Member; Retirement Allowance; Annual Examination.
Section 38.1023e Supplemental Payments for Retirants or Retirement Allowance Beneficiaries With Retirement Allowance Effective Date Before January 1, 1979; Future Adjustments.
Section 38.1024 Survivor's Retirement Allowance; Eligibility; Duration, Commencement, and Rate; Status of Adopted Child; Payments to Eligible Child; Effect of Marriage or Attainment of Ineligible Age; Payment of Survivor's Retirement Allowance as Provided in Written Designation; Division of Survivor's Retirement Allowance Among Eligible Survivors; Receipt of Entire Survivor's Retirement Allowance by Surviving Spouse When Eligible Children Become Ineligible.
Section 38.1024a Remarriage of Surviving Spouse.
Section 38.1025 Retirement System as Trust; Board as Fiduciary; Nonapplicability to Tier 2 Retirement Plan.
Section 38.1026 Retirement System; Board of Trustees; Membership; Eligibility and Terms; Oath of Office.
Section 38.1027 First Board of Trustees; Organizational Meeting, Election of Officers.
Section 38.1028 Vacancy in Trusteeship.
Section 38.1029 Trustees; Compensation and Expenses.
Section 38.1030 Board of Trustees; Quorum, Proxy.
Section 38.1031 Board of Trustees; Powers and Duties.
Section 38.1032 Board of Trustees; Regular and Special Meetings; Conducting Business at Public Meeting; Notice of Meeting.
Section 38.1033 Board of Trustees; Authority as to Retirement Allowances, Suspensions and Refunds.
Section 38.1034 Board of Trustees; Certification of Prescribed Interest Rate; Adoption of Actuarial Tables.
Section 38.1035 Board of Trustees; Estimate of Appropriation.
Section 38.1036 Repealed. 1987, Act 58, Imd. Eff. June 23, 1987.
Section 38.1036a Reinstatement of Suspended Contributions.
Section 38.1037 Repealed. 1981, Act 123, Imd. Eff. July 23, 1981.
Section 38.1038 Board of Trustees; Offices; Books and Records; Availability of Certain Writings to Public.
Section 38.1039 Board of Trustees; Appointment of Secretary and Administrative Personnel.
Section 38.1040 Board of Trustees; Record of Proceedings; Individual Accounts; Actuarial Data.
Section 38.1041 Board of Trustees; Audit of Accounts; Annual Statement.
Section 38.1042 Acceptance of Gift, Grant, or Bequest by Board.
Section 38.1043 Individual Statement.
Section 38.1044 Rules and Bylaws.
Section 38.1045 Secretary of Board; Powers and Duties.
Section 38.1046 Actuary; Technical Advisor of Board, Powers and Duties.
Section 38.1047 State Treasurer as Ex Officio Treasurer of Retirement System; Duties.
Section 38.1048 Warrants.
Section 38.1049 Payroll Voucher.
Section 38.1050 Investment and Reinvestment of Cash Assets; Nonapplicability to Tier 2.
Section 38.1050a Grants and Insurance Revolving Fund; Creation; Purpose; Expenditures; Payments to Fund by Payroll Deductions; Purchase and Payment of Premiums on Life Insurance Policies.
Section 38.1050b Hospitalization, Medical, Dental, and Vision Coverage; Purchase; Payment of Premiums; Manner.
Section 38.1051 Investment of Retirement System Funds; Ownership by System; Registration; Recording; Nonapplicability to Tier 2.
Section 38.1052 Board of Trustees and Employees; Interest in Investments Prohibited; Violation of Section, Penalty.
Section 38.1053 Vested Interest in Refunds; Payment of Member Contributions; Discharge of Claims.
Section 38.1054 Payments as Obligations of State; Disposition of Revenues.
Section 38.1055 Refund of Contributions With Interest; Request; Forfeiture; Service Credit Upon Resumption of Membership; Designation of Beneficiary; Payment of Contributions With Interest.
Section 38.1056 Undivided Interest in Assets of System.
Section 38.1057 Retirement Allowances, Benefits, and Credits Not Subject to Taxation; Subject to Taxation Beginning January 1, 2012; Subject to Public Employee Retirement Benefit Protection Act.
Section 38.1058 Retirement System Records; Falsification, Penalty.
Section 38.1058a Correction of Error; Adjustment of Payment.
Section 38.1059 Payment of Benefits; Commencement.
Section 38.1059a Retirement System as Qualified Pension Plan; Administrative Requirements and Benefit Limitations; Qualified Military Service.
Section 38.1060 Short Title.
Section 38.1061 Election to Terminate Membership in Tier 1 and Become Qualified Participant in Tier 2; Election by Deferred Vested Member or Former Nonvested Member; Election as Irrevocable; Rights and Duties; Method of Election; Signature of Spouse; Waiver; Election Subject to Eligible Domestic Relations Order; Notice of Disqualification for Tax Purposes.
Section 38.1062 Election to Terminate Membership in Retirement System Under Mcl 38.1061(1) and (2); Transfer of Lump Sum Amount; Recomputation; Calculation; Basis; Utilization of Actuarial Valuation Report; Notification of Disqualification for Tax Purposes.
Section 38.1063 Calculation of Accrued Cost Savings; Submission of Total Amount in Executive Budget to Legislature; Appropriation.
Section 38.1064 Meanings of Words and Phrases; “Accumulated Balance” Defined.
Section 38.1065 “Employer,”“former Qualified Participant,” and “Health Benefit Dependent” Defined.
Section 38.1066 “Qualified Participant,”“refund Beneficiary,” and “State Treasurer” Defined.
Section 38.1067 Administration and Investment of Tier 2 by State Treasurer; State Treasurer as Fiduciary and Trustee; Appointment of Advisory Board; Determination of Provisions and Procedures; Authority and Responsibility of State Treasurer to Employ or Contract With Employees or for Services.
Section 38.1068 Hearing.
Section 38.1069 Accumulated Employer and Employee Contributions and Earnings; Direction of Investment; Limitations Inapplicable to Tier 2.
Section 38.1070 Tier 2; Payment of Administrative Expenses.
Section 38.1071 Participation in Other Public Sector Retirement Benefits Plan.
Section 38.1072 Individual Becoming Legislator or Lieutenant Governor on or After March 31, 1997; Notice of Election.
Section 38.1073 Election to Terminate Membership in Tier 1; Crediting Tier 2 Account; Charging Tier 2 Account for Excess Transfers.
Section 38.1074 Section Subject to Vesting Requirements; Tier 2 Contributions by Employer and Qualified Participant; Limitations.
Section 38.1075 Tier 2; Vesting Requirements and Schedule; Health Care Coverage; Vesting Requirements.
Section 38.1076 Crediting Years of Accrued Service.
Section 38.1077 Refund Beneficiary; Nomination.
Section 38.1078 Distribution of Accumulated Balance.
Section 38.1079 Health Insurance Coverage; Election; Eligibility.
Section 38.1080 Distributions; Exemption From Tax; Subject to Public Employee Retirement Benefit Protection Act; Right of Setoff to Recover Overpayment and Satisfy Claims; Correction of Errors in Records and Actions.