Michigan Compiled Laws
Act 300 of 1980 - The Public School Employees Retirement Act of 1979 (38.1301 - 38.1467)
Article 7 - (38.1420...38.1467)

Section 38.1420 - Tier 2 Plan; Implementation. - Sec. 120. Notwithstanding any other provision of this act, the...

Section 38.1421 - Words and Phrases in Sections 122 to 124; Date for Implementation of Tier 2 Plan. - Sec. 121. (1) For the purposes of this article, the...

Section 38.1422 - "Accumulated Balance" and "Compensation" Defined. - Sec. 122. (1) "Accumulated balance" means the total balance in...

Section 38.1423 - "Employer" and "Former Qualified Participant" Defined. - Sec. 123. (1) "Employer" means a reporting unit. (2) "Former...

Section 38.1424 - "Plan Document," "Qualified Participant," "Refund Beneficiary," and "State Treasurer" Defined. - Sec. 124. (1) "Plan document" means the document that contains...

Section 38.1425 - Tier 2; Department as Fiduciary and Trustee; Appointment of Advisory Board; Provisions and Procedures; Personnel and Other Services; Adoption and Compliance. - Sec. 125. (1) The department shall administer Tier 2 and...

Section 38.1426 - Request for Hearing; Conduct Under Administrative Procedures Act of 1969. - Sec. 126. (1) A qualified participant, former qualified participant, or...

Section 38.1427 - Investment; Direction by Qualified Participant, Former Qualified Participant, and Refund Beneficiary; Applicability of Limitations; Annuity Options. - Sec. 127. (1) Each qualified participant, former qualified participant, and...

Section 38.1428 - Tier 2; Administrative Expenses. - Sec. 128. The administrative expenses of Tier 2 shall be...

Section 38.1429 - Participation in Other Public Sector Retirement Benefits Plan; "Public Sector Employer" Defined. - Sec. 129. A qualified participant shall not participate in any...

Section 38.1431 - Tier 2 Account; Contributions; Additional Contribution; Additional Matching Contributions by Employer. - Sec. 131. (1) This section is subject to the vesting...

Section 38.1431a - Tier 2 Accounts; Terms and Conditions. - Sec. 131a. Tier 2 accounts are subject to the following...

Section 38.1432 - Vesting. - Sec. 132. A qualified participant is immediately 100% vested in...

Section 38.1434 - Refund Beneficiary. - Sec. 134. A qualified participant or former qualified participant may...

Section 38.1435 - Tier 2; Eligibility to Receive Distribution; Effect of Death of Qualified Participant; Methods of Distribution. - Sec. 135. (1) A qualified participant is eligible to receive...

Section 38.1437 - Exemption From State, County, Municipal, or Local Tax; Right to Setoff to Recover Overpayments. - Sec. 137. (1) Distributions from employer contributions made pursuant to...

Section 38.1451-38.1467 - Repealed. 1997, Act 143, Imd. Eff. Nov. 19, 1997. - Compiler's Notes: The repealed sections pertained to termination of membership...