There Is a Newer Version of the Michigan Compiled Laws
2011 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 38.2731 — Short title.
- Section 38.2732 — Definitions.
- Section 38.2733 — Irrevocable trust; authorization; creation; establishment; governing board of each retirement system as grantor; members of retirement system board as trustees; deposits; distributions; funding account; preparation of annual financial statements.
- Section 38.2734 — Assets as irrevocable.
- Section 38.2735 — Assets; use; limitation.
- Section 38.2736 — Assets not subject to certain processes of law.
- Section 38.2737 — Assets; diversion for other purposes prohibited.
- Section 38.2738 — Remaining trust assets; dissolution; distribution.
- Section 38.2739 — Written trust agreement; contents.
- Section 38.2740 — Retirement health care benefits; prefunding; credit to funding account.
- Section 38.2741 — Written plan document; terms and conditions of payments of retirement health care benefits.
- Section 38.2742 — Severability.
- Section 38.2743 — Trusts; validity.
- Section 38.2744 — Taxation of assets and income.
- Section 38.2745 — Trustee; exception from certain responsibilities; indemnification.
- Section 38.2747 — Correction of error by trustees.
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