2006 Michigan Compiled Laws - Act 345 of 1937


FIRE FIGHTERS AND POLICE OFFICERS RETIREMENT ACT

Act 345 of 1937

AN ACT to provide for the establishment, maintenance, and administration of a system of pensions and retirements for the benefit of the personnel of fire and police departments employed by cities, villages, or municipalities having full paid members in the departments, and for the spouses and children of the members; to provide for the creation of a board of trustees to manage and operate the system; to authorize appropriations and deductions from salaries; to prescribe penalties and provide remedies; and to repeal all acts and parts of acts inconsistent therewith.


History: 1937, Act 345, Eff. Oct. 29, 1937 ;--Am. 1951, Act 16, Imd. Eff. Mar. 30, 1951 ;--Am. 1989, Act 7, Imd. Eff. May 3, 1989 ;--Am. 1998, Act 200, Eff. Mar. 23, 1999
Popular Name: Act 345




The People of the State of Michigan enact:

DocumentDescription
Section 38.551Fire and police department pension and retirement system; retirement board, members, election, appointment, terms.
Section 38.551aShort title.
Section 38.552Retirement board; powers and duties.
Section 38.553Retirement system funds; treasurer as custodian; bond; disbursement of funds; execution of voucher or warrant; authorization.
Section 38.554Credit for prior service.
Section 38.555Retirement board; quasi-judicial body; review of actions by writ of certiorari.
Section 38.556Age and service retirement benefits.
Section 38.556aMunicipality having population of 80,000 or more; applicability of § 38.556(1)(h) to certain members.
Section 38.556bRemarriage of surviving spouse; applicability of subsection (1) to municipality.
Section 38.556cService credit for employment in transitional public employment program; payment of contributions and regular interest; payroll deduction; amount in reserve; payment of contributions by current employer; accident, disability, or other benefits.
Section 38.556dPostretirement adjustments increasing retirement benefits.
Section 38.556eMandatory subjects of bargaining.
Section 38.557"An act of duty,""municipality" and "transitional public employment program" defined.
Section 38.558Refunds of salary contributions.
Section 38.559Contributions of member; rate; deduction from salary; appropriations to maintain actuarially determined reserves; payment of deductions and appropriations into retirement system; prorating pensions and other benefits; expenses; pensions as obligations of retirement system.
Section 38.560Investments; transfer and disposition of certain assets.
Section 38.561Referendum; township or charter township.
Section 38.561aViolation of §§ 168.1 to 168.992 applicable to petitions; penalties.
Section 38.562Membership of retirement system.

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