There is a newer version of the Michigan Compiled Laws
2010 Michigan Compiled Laws
Chapter 38 - CIVIL SERVICE AND RETIREMENT
Act 77 of 2010 - PUBLIC EMPLOYEE RETIREMENT HEALTH CARE FUNDING ACT (38.2731 - 38.2747)
Section 38.2735 - Assets; use; limitation.
PUBLIC EMPLOYEE RETIREMENT HEALTH CARE FUNDING ACT (EXCERPT)Act 77 of 2010
38.2735 Assets; use; limitation.
Sec. 5.
The assets of the irrevocable trust are to be used solely to perform this essential function of state government. The trust shall only provide retirement health care benefits as provided under this act and pay fees and expenses for the administrative costs in carrying out this essential governmental function.
History: 2010, Act 77, Imd. Eff. May 19, 2010
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