Michigan Compiled Laws
Article 3 - (38.1341...38.1359)
Section 38.1343b - Eligibility Requirements; Exceptions.

Sec. 43b.
A member who contributes to the member investment plan shall have the eligibility requirements of section 81 except as follows:
(a) The age 55 requirement of section 81(1)(a) shall not apply.
(b) The 10 years of credited service requirement of section 81(1)(b) shall be 5 years if the member is working as a public school employee and the member received credited service in each of the 5 school fiscal years immediately preceding the retirement allowance effective date.
History: Add. 1985, Act 91, Imd. Eff. July 10, 1985 ;-- Am. 1989, Act 194, Imd. Eff. Aug. 25, 1989 Popular Name: Act 300

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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 3 - (38.1341...38.1359)

Section 38.1341 - Determining Annual Level Percentage of Payroll Contribution Rates; Factors; Unfunded Actuarial Accrued Liability Contribution Rate; Computation and Certification of Sum Due and Payable; Payment; Certification of Actual Aggregate Com...

Section 38.1341a - Separate Contribution Rate; Unfunded Accrued Liability; "University Reporting Unit" Defined.

Section 38.1341b - Employees as Members on or After July 1, 2010 and Before February 1, 2018; Determination of Separate Contribution Rate for Members on or After February 1, 2018; Contributions; Individuals Performing Services for Entity Not Particip...

Section 38.1342 - Reporting Unit Contribution; Exclusive Obligation; Contributions Picked Up by Employer; Deduction of Social Security Contributions; Agreement of Member; Forwarding Retirement Contributions; Report; Failure to Submit Report or Contri...

Section 38.1342a - Community or Junior College Reporting Units; Report; Office of Retirement Services; Report Requirements.

Section 38.1343 - Percentage Paid for Participants in Optional Retirement Program.

Section 38.1343a - Contributions of Member to Member Investment Plan; Deduction and Remittance as Employer Contributions; Benefits; Amount of Contribution; Amounts; Percentage; Member on or Before February 1, 2018.

Section 38.1343b - Eligibility Requirements; Exceptions.

Section 38.1343c - Entitlements.

Section 38.1343d - Repealed. 2012, Act 300, Imd. Eff. Sept. 4, 2012.

Section 38.1343e - Member Before September 4, 2012; Contribution of Percentage to Funding Account Under Public Employee Retirement Health Care Funding Act; "Funding Account" Defined.

Section 38.1343g - Contribution Beginning on Transition Date; Amount; Method of Deducting Contributions; Picking Up Member Contributions for Compensation on or After Transition Date; Benefit.

Section 38.1343h - Service Credit; Enrollment for Certain Employees of Community or Junior College Reporting Unit; Requirements; Forfeit of Claim; Assessment and Payment of Supplemental Employer Contributions.

Section 38.1343i - Determination and Assessment of Supplemental Employer Contributions by Community or Junior College Reporting Units; Payment.

Section 38.1344 - Separation From Service; Death; Unclaimed Retirement Allowance or Other Money.

Section 38.1345 - Change or Error in Records; Correction; Adjustment in Benefits.

Section 38.1346 - Benefits; Exemption From Taxation; Subject to Taxation Beginning January 1, 2012; Offset of Retirement Benefits or Refunds; Forfeiture of Service Credit.

Section 38.1347 - Employee of Michigan High School Athletic Association; Entitlement to Benefits Preserved; Limited Membership; Continued Service; Eligibility for Retirement Benefits; Election; Termination of Employment; Computation of Retirement All...

Section 38.1359 - Calculation of Retirement Allowance; Election and Attainment Date Designation; Credit for Future Service Accrued and Compensation Earned; Alternative Election; Method of Accepting Elections, Designations, and Alternative Elections;...