There is a newer version of the Michigan Compiled Laws
2006 Michigan Compiled Laws - Act 182 of 1986
| AN ACT to provide for the Michigan department of state police retirement system; to create certain reserves and certain funds for this retirement system; to provide for the creation of a retirement board within the department of management and budget; to prescribe the powers and duties of the retirement board; to prescribe the powers and duties of the department of state police, the department of management and budget, and certain state officers; and to repeal certain acts and parts of acts.
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| Document | Description |
| Section 38.1601 | Short title. |
| Section 38.1602 | Meanings of words and phrases. |
| Section 38.1603 | Definitions; B to L. |
| Section 38.1604 | Definitions; M to S. |
| Section 38.1605 | Michigan state police retirement system; creation. |
| Section 38.1606 | State police retirement board; creation; appointment, qualifications, and terms of members. |
| Section 38.1607 | State police retirement board; oath of member; conducting business at public meeting; notice; quorum; failure of member to attend 3 consecutive meetings; availability of writings to public; rules. |
| Section 38.1608 | State police retirement board; per diem compensation; reimbursement of expenses; maximum number of meetings. |
| Section 38.1609 | State treasurer as treasurer of retirement system; investment authority; fiduciary responsibility; limitations on investment of funds; deposit of funds; disposition of income earned by reserves. |
| Section 38.1610 | Warrants. |
| Section 38.1611 | Engagement of actuary; biennial valuation; risk assumptions. |
| Section 38.1612 | State police retirement board; chairperson; executive secretary. |
| Section 38.1613 | Summary of fiscal transactions. |
| Section 38.1613a | Correction of error; benefit payment adjustment. |
| Section 38.1614 | Funding objective of retirement system; annual level percentage of payroll contribution rate; submission of differences to legislature for appropriation; allocation and deposit of funds. |
| Section 38.1614a | Intent; retirement system as qualified pension plan and trust as exempt organization; administration; employer-financed benefit limitation; use and investment of assets; return of post-tax member contributions; beginning date of distributions; termination of retirement system; election to rollover to retirement plan; qualified military service. |
| Section 38.1615 | Reserve for employee contributions; subaccounts; transfer of accumulated member contributions. |
| Section 38.1616 | Reserve for employer contributions; transfer of accumulated employer contributions. |
| Section 38.1617 | Reserve for retired benefit payments; transfer between reserve for employer contributions and reserve for retired benefit payments. |
| Section 38.1618 | Reserve for casualty experience; initial casualty valuation as determining full funding reserve requirements; allocation from assets; retiree casualty payments; "casualty" defined. |
| Section 38.1619 | Reserve for undistributed investment income; amounts to be transferred; providing contingency reserves or meeting requirements of other reserve accounts; insufficient balance. |
| Section 38.1620 | Administrative expenses; appropriation. |
| Section 38.1621 | Allocation of undistributed investment income; charging amounts allocated; allocation rates. |
| Section 38.1622 | Payment date of retirement allowance; payment upon cessation of retirement allowance. |
| Section 38.1623 | Employees of department of state police as members of retirement system; resignation, death, transfer, or dismissal of member; lump sum. |
| Section 38.1624 | Eligibility for retirement; application for retirement; mandatory retirement; amount of retirement allowance; death of retirant; appeal to retirement board. |
| Section 38.1624a | Deferred retirement option plan. |
| Section 38.1625 | Payment of retirement allowance to surviving spouse, children, mother, father, sisters, or brothers; payment to deceased member's estate; applicability of supplements to retirement allowances and minimum annual retirement allowance provisions; funeral expenses; maximum retirement allowance. |
| Section 38.1626 | Retirement due to duty incurred disability; amount of retirement allowance; payment to surviving spouse or children; payment to deceased member's estate; maximum retirement allowance. |
| Section 38.1627 | Nonduty related death prior to effective date of retirement; payment to surviving spouse or children; payment to deceased member's estate; prohibited payment; commencement of retirement allowance. |
| Section 38.1628 | Retirement due to nonduty incurred disability; amount of retirement allowance; payment to surviving spouse or children; payment to deceased member's estate. |
| Section 38.1629 | Retirement allowance on grounds of disability; medical examination; certification of findings; failure to return to active duty; forfeiture of rights. |
| Section 38.1630 | Deferred retirement allowance in lieu of refund of contributions; amount; commencement and duration of payments; forfeiture; payment to surviving spouse or dependent children; effect of reemployment; combining prior and subsequent service; recomputation of retirement allowance; service credit for member not meeting vision screening standards. |
| Section 38.1631 | Remarriage of surviving spouse. |
| Section 38.1632 | Purchase of service credit for active duty with armed forces. |
| Section 38.1633 | Purchase of service credit for service in VISTA or Peace Corps. |
| Section 38.1634 | Leaving service or reducing hours of employment for purposes of maternity or paternity or child rearing; purchase of service credit. |
| Section 38.1635 | Partial purchase of service credit. |
| Section 38.1636 | Reinstatement of disability retirant. |
| Section 38.1637 | Supplement to retirement allowance under former § 28.107(5). |
| Section 38.1638 | Supplement to retirement allowance under former § 28.108c. |
| Section 38.1639 | Supplement to retirement allowance on or after October 1, 1986. |
| Section 38.1639a | Monthly retirement allowance of retirant or beneficiary of deceased retirant; increase in payments; requirements; basis for calculations of future adjustments. |
| Section 38.1640 | Total retirement allowance of retirant or beneficiary of deceased retirant; increase; basis for calculations of future adjustments. |
| Section 38.1640a | Retirement allowance of retirant or retirement allowance beneficiary; increase; amount; limitation. |
| Section 38.1640b | Recalculation of retirement allowance. |
| Section 38.1641 | Retirement allowance increases for command officers; effect on salary adjustments. |
| Section 38.1642 | Payment of hospitalization and medical, dental, and vision coverage insurance premiums; creation and function of health-dental-and vision benefits fund; health advance funding subaccount; transfer of funds. |
| Section 38.1643 | Right of member, retirant, or beneficiary to retirement allowance or other benefit. |
| Section 38.1644 | Transfer of records, personnel, property, or funds to retirement system. |
| Section 38.1645 | General administration, management, and responsibility for operation of retirement system. |
| Section 38.1646 | Savings clause. |
| Section 38.1647 | Repeal of §§ 28.101 to 28.110. |
| Section 38.1648 | Effective date; exceptions. |
Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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