Michigan Compiled Laws
Chapter 38 - Civil Service and Retirement
Act 202 of 2017 - Protecting Local Government Retirement and Benefits Act (38.2801 - 38.2812)

Section 38.2801 - Short Title. - Sec. 1. This act shall be known and may be...

Section 38.2802 - Legislature Findings and Declarations. - Sec. 2. The legislature finds and declares that this act...

Section 38.2803 - Definitions. - Sec. 3. As used in this act: (a) "Annual report"...

Section 38.2804 - Retirement Health Benefit Offered by Local Unit of Government; Requirements; "Summary Retiree Health Care Report" Defined. - Sec. 4. (1) Beginning July 1, 2018, if a local...

Section 38.2805 - State Treasurer; Establishment of Uniform Actuarial Assumptions of Retirement Systems; Evaluation System; Review and Oversight of Underfunded Local Unit of Government; Determination; Calculation of Funded Ratios by Local Governmenta... - Sec. 5. (1) For purposes of reporting under this section,...

Section 38.2806 - Underfunded Status; Waiver; Duties of State Treasurer if Local Unit of Government Not Granted Waiver. - Sec. 6. (1) To apply for a waiver of the...

Section 38.2807 - Municipal Stability Board; Creation; Powers, Duties, and Functions; Membership; Appointment by Governor; Qualifications; Terms; Vacancy; Chairperson; Quorum; Meetings; Bylaws; Contract for Professional Services; Travel and Expenses;... - Sec. 7. (1) The municipal stability board is created within...

Section 38.2808 - Development of Corrective Action Plan; List of Best Practices and Strategies. - Sec. 8. The board shall review and annually update a...

Section 38.2809 - Corrective Action Plan; Development and Submission for Approval. - Sec. 9. An underfunded local unit of government shall develop...

Section 38.2810 - Corrective Action Plan; Review and Approval by Board; Inclusion of Corrective Options and Additional Solutions; Disapproval; Notification and Report; Implementation of Plan; Monitor and Certification of Compliance; Contents of Plan. - Sec. 10. (1) The board shall review and vote on...

Section 38.2812 - Board as State Board; Members as State Officers; Presumption of Validity; Court Jurisdiction; Department of Treasury as Party. - Sec. 12. (1) The board is a state board and...