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 38.2739 - Written trust agreement; contents.
PUBLIC EMPLOYEE RETIREMENT HEALTH CARE FUNDING ACT (EXCERPT)Act 77 of 2010
38.2739 Written trust agreement; contents.
Sec. 9.
The written trust agreement for each retirement system shall contain all of the following provisions consistent with this act:
(a) Recitals describing the creation and purpose of the trust.
(b) Language reflecting the requirements of sections 4 through 7.
(c) Sections outlining the management and operation of the trust.
(d) A description of the various accounts that carry out the functions of the trust.
(e) Provisions setting forth the powers and duties of the trustees.
History: 2010, Act 77, Imd. Eff. May 19, 2010
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