2006 Michigan Compiled Laws - Mich. Comp. Laws § 38.40 Allowances, benefits, and other rights; exemption from taxation; subject to public employee retirement benefit protection law.
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Act 240 of 1943 38.40 Allowances, benefits, and other rights; exemption from taxation; subject to public employee retirement benefit protection law. Sec. 40. The right of a person to a pension, an annuity, a retirement allowance, any optional benefit, any other right accrued or accruing to any person under the provisions of this act, the various funds created by this act, and all money and investments and income of the funds, are exempt from any state, county, municipal, or other local tax. The right of a person to a pension, an annuity, a retirement allowance, any optional benefit, any other right accrued or accruing to any person under the provisions of this act, the various funds created by this act, and all money and investments and income of the funds is subject to the public employee retirement benefit protection act.
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