Michigan Compiled Laws
Article 2 - (38.1321...38.1336)
Section 38.1332 - General Fund.

Sec. 32.
The retirement board may establish a general fund. Revenue not clearly payable to other funds shall be deposited in the general fund. Disbursements from this fund shall be made as authorized by the retirement board.
History: 1980, Act 300, Imd. Eff. Oct. 31, 1980 Popular Name: Act 300

<< Previous
Next >>

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 38 - Civil Service and Retirement

Act 300 of 1980 - The Public School Employees Retirement Act of 1979 (38.1301 - 38.1467)

Article 2 - (38.1321...38.1336)

Section 38.1321 - Public School Employees' Retirement System; Creation.

Section 38.1322 - Public School Employees' Retirement Board; Creation; Appointment, Qualifications, and Terms of Members; Vacancy.

Section 38.1323 - Retirement Board; Oath; Conducting Business at Public Meeting; Notice of Meeting; Quorum; Failure to Attend Scheduled Meetings; Availability of Writings to Public.

Section 38.1324 - Retirement Board; Compensation and Expenses.

Section 38.1325 - Retirement Board; Rights, Authority, and Discretion; Rules; Limitation; Study Period; Information to Be Provided to Certain Universities.

Section 38.1326 - State Treasurer as Treasurer of Retirement System; Investment Authority; Fiduciary Responsibility; Disposition of Funds.

Section 38.1327 - Warrants.

Section 38.1328 - Summary of Fiscal Transactions; Contents; Description of Retirement Benefits; Information to Be Posted on Internet Website and Sent via Electronic Mail; Database.

Section 38.1329 - Reserve for Employee Contributions; Individual Subaccounts; Refund, Payment, or Transfer of Accumulated Contributions.

Section 38.1330 - Reserve for Employer Contributions.

Section 38.1331 - Reserve for Administrative Expenses.

Section 38.1332 - General Fund.

Section 38.1333 - Reserve for Member Investment Plan; Remittance of Member Contributions; Individual Subaccounts; Refund, Payment, or Transfer of Accumulated Contributions.

Section 38.1334 - Reserve for Health Benefits; Payments; Health Advance; Funding Subaccount; Transfer to Reserve for Employer Contributions; Conditions.

Section 38.1335 - Reserve for Retired Benefit Payments.

Section 38.1336 - Reserve for Undistributed Investment Income; Pension Stabilization Subaccount.