There is a newer version of the Michigan Compiled Laws
2010 Michigan Compiled Laws
Chapter 38 - CIVIL SERVICE AND RETIREMENT
Act 300 of 1980 - THE PUBLIC SCHOOL EMPLOYEES RETIREMENT ACT OF 1979 (38.1301 - 38.1467)
300-1980-7 - ARTICLE 7 (38.1420...38.1467)
THE PUBLIC SCHOOL EMPLOYEES RETIREMENT ACT OF 1979 (EXCERPT)Act 300 of 1980 Article 7
- Section 38.1420 - Tier 2 plan; implementation.
- Section 38.1421 - Words and phrases in sections 122 to 124; date for implementation of Tier 2 plan.
- Section 38.1422 - "Accumulated balance" and "compensation" defined.
- Section 38.1423 - "Employer" and "former qualified participant" defined.
- Section 38.1424 - "Plan document," "qualified participant," "refund beneficiary," and "state treasurer" defined.
- Section 38.1425 - Tier 2; department as fiduciary and trustee; appointment of advisory board; provisions and procedures; personnel and other services; adoption and compliance.
- Section 38.1426 - Request for hearing; conduct under administrative procedures act of 1969.
- Section 38.1427 - Investment; direction by qualified participant, former qualified participant, and refund beneficiary; applicability of limitations.
- Section 38.1428 - Tier 2; administrative expenses.
- Section 38.1429 - Participation in other public sector retirement benefits plan; "public sector employer" defined.
- Section 38.1431 - Tier 2 account; contributions; additional contribution; additional matching contributions by employer.
- Section 38.1432 - Vesting.
- Section 38.1434 - Refund beneficiary.
- Section 38.1435 - Tier 2; eligibility to receive distribution; effect of death of qualified participant; methods of distribution.
- Section 38.1437 - Exemption from state, county, municipal, or local tax; right to setoff to recover overpayments.
- Section 38.1451-38.1467 - Repealed. 1997, Act 143, Imd. Eff. Nov. 19, 1997.
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