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Section 38.2651 - Participation in Tier 1 or Tier 2 by Member, Vested Former Member, or Former Nonvested Member; Election; Writing; Irrevocability; Method; Election Subject to Domestic Relations Order Act; Disqualification for Tax Purposes; Election... - Sec. 701. (1) The retirement system shall provide an opportunity...
Section 38.2651a - Participation of Judge of Circuit Court, Probate Court, or District Court in Tier 1 or Tier 2; Election; Window of Opportunity; Method; Disqualification for Tax Purposes. - ***** 38.2651a THIS SECTION IS REPEALED BY ACT 215 OF...
Section 38.2651b - Election Pursuant to MCL 38.2651 or MCL 38.2651a. - ***** 38.2651b THIS SECTION IS REPEALED BY ACT 215 OF...
Section 38.2652 - Termination of Membership; Transfer, Recomputation, and Calculation by Retirement System. - Sec. 702. (1) For a member who elects to terminate...
Section 38.2652a - Termination of Membership in Tier 1 Pursuant to MCL 38.2651a; Definitions; Transfer to Account in Tier 2; Calculation; Disqualification for Tax Purposes. - ***** 38.2652a THIS SECTION IS REPEALED BY ACT 215 OF...
Section 38.2653 - Calculation and Submission of Cost Savings. - Sec. 703. After consulting the retirement system's actuary, the department...
Section 38.2654 - Meanings of Words and Phrases; “Accumulated Balance” Defined. - Sec. 704. (1) For the purposes of this article, the...
Section 38.2655 - “Employer,”“former Qualified Participant,” and “Health Benefit Dependent” Defined. - Sec. 705. (1) "Employer" means this state. (2) "Former qualified...
Section 38.2656 - “Qualified Participant,”“refund Beneficiary,”“salary,” and “State Treasurer” Defined. - Sec. 706. (1) "Qualified participant" means an individual who is...
Section 38.2657 - Administration of Tier 2 by State Treasurer. - Sec. 707. (1) The state treasurer shall administer Tier 2...
Section 38.2658 - Hearing. - Sec. 708. (1) A qualified participant, former qualified participant, health...
Section 38.2659 - Direction of Investment by Qualified Participant, Former Qualified Participant, and Refund Beneficiary. - Sec. 709. Each qualified participant, former qualified participant, and refund...
Section 38.2660 - Administrative Expenses. - Sec. 710. The administrative expenses of Tier 2 shall be...
Section 38.2661 - Participation in Other Retirement Benefits Plan; Prohibition. - Sec. 711. (1) A qualified participant shall not participate in...
Section 38.2662 - Judge or State Official; Election Not to Participate or to Discontinue Participation in Tier 2. - Sec. 712. An individual who first becomes a judge or...
Section 38.2663 - Election to Terminate Membership in Tier 1; Credit or Charge to Tier 2 Account. - Sec. 713. (1) The state treasurer shall promptly credit the...
Section 38.2664 - Contributions by Employer and Participant. - Sec. 714. (1) This section is subject to the vesting...
Section 38.2665 - Vesting Requirements. - Sec. 715. (1) A qualified participant is immediately 100% vested...
Section 38.2666 - Participation in Tier 2; Crediting Years of Service Accrued Under Tier 1. - Sec. 716. A qualified participant who was a member, deferred...
Section 38.2667 - Refund Beneficiary. - Sec. 717. A qualified participant or former qualified participant may...
Section 38.2668 - Methods of Distribution. - Sec. 718. (1) A qualified participant is eligible to receive...
Section 38.2669 - Health Insurance Coverage. - Sec. 719. (1) A former qualified participant may elect health...
Section 38.2670 - Distributions; Exemption From Tax; Subject to Taxation Beginning January 1, 2012; Right of Setoff to Recover Overpayments; Satisfaction of Claims Arising From Embezzlement or Fraud; Correction of Errors. - Sec. 720. (1) Except as otherwise provided in this section,...