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; Meanings of Words and Phrases. - Sec. 1. (1) This act shall be known and may...

Section 38.2732 - Definitions; D to H. - Sec. 2. (1) "Department" means the department of technology, management,...

Section 38.2732a - Definitions; M to P. - Sec. 2a. (1) "Mandatory contributions" means mandatory amounts contributed by...

Section 38.2732b - Definitions; R to V. - Sec. 2b. (1) "Retirement act" means 1 or more of...

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 Financi... - Sec. 3. (1) One irrevocable trust is authorized and created...

Section 38.2734 - Assets as Irrevocable. - Sec. 4. (1) Except as otherwise provided in this section...

Section 38.2735 - Assets; Use; Limitation. - Sec. 5. The assets of the irrevocable trust are to...

Section 38.2736 - Assets Not Subject to Certain Processes of Law. - Sec. 6. The assets of the irrevocable trust and the...

Section 38.2737 - Assets; Diversion for Other Purposes Prohibited. - Sec. 7. The assets of the irrevocable trust shall be...

Section 38.2738 - Remaining Trust Assets; Dissolution; Distribution; Remaining Health Reimbursement Account Assets. - Sec. 8. (1) Any assets remaining in the funding account...

Section 38.2739 - Written Trust Agreement; Contents. - Sec. 9. The written trust agreement for each retirement system...

Section 38.2740 - Retirement Health Care Benefits; Prefunding; Credit to Funding Account; Contribution or Credit to Health Reimbursement Account. - Sec. 10. (1) This state, an employer of a member...

Section 38.2740a - Health Reimbursement Account; Vesting; Rights. - Sec. 10a. (1) A member or participating member is 100%...

Section 38.2741 - Written Plan Document; Terms and Conditions of Payments of Retirement Health Care Benefits and Reimbursements of Medical Expenses. - Sec. 11. (1) The trustees shall establish a separately written...

Section 38.2742 - Severability. - Sec. 12. (1) If the department receives notification from the...

Section 38.2743 - Trusts; Validity. - Sec. 13. The trusts created by this act shall not...

Section 38.2744 - Taxation of Assets and Income; Exemption. - Sec. 14. All assets and income of the trusts shall...

Section 38.2745 - Trustee; Exception From Certain Responsibilities; Indemnification. - Sec. 15. (1) A trustee shall not be any of...

Section 38.2747 - Correction of Error by Trustees. - Sec. 17. If a change or error in any records...