Michigan Compiled Laws
Article 4 - (38.1360...38.1379b)
Section 38.1360 - Purchase of Service Credit; 2 Years Service Credit Required.

Sec. 60.
Notwithstanding any provision of this act to the contrary, on and after July 1, 2008, a member shall not purchase service credit under this act unless the member has been granted at least 2 years of service credit under section 68.
History: Add. 2007, Act 111, Imd. Eff. Oct. 1, 2007 Popular Name: Act 300

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 4 - (38.1360...38.1379b)

Section 38.1360 - Purchase of Service Credit; 2 Years Service Credit Required.

Section 38.1361 - Employment of Retirant in Reporting Unit.

Section 38.1361a - Report to Legislature on Number of Active Employed Retirees.

Section 38.1362 - Purchasing Service Credit; Proof of Service; Contribution and Interest.

Section 38.1363 - Noncontributory Plan; Applicability; Duty of Reporting Unit.

Section 38.1364 - Purchase of Service Credit.

Section 38.1365 - Written Application for Payment of Accumulated Contributions; Forfeiture of Prior Service.

Section 38.1366 - Cessation of Membership; Forfeiture of Service; Return to Service; Reinstatement of Previously Forfeited Service.

Section 38.1367 - Credit for Service in Another Retirement System; Withdrawal of Accumulated Contributions; Forfeiture of Service or Monthly Allowance.

Section 38.1368 - Service Credit; Computing Terms of Service.

Section 38.1369 - Out of System Public Education Service; Condition for Granting Membership or Prior Service Credit; Requirements; Eligibility for Retirement Allowance; Computation of Payment; Limitation; Refund; Noncreditable Service; Member Ineligi...

Section 38.1369a, 38.1369b - Repealed. 1989, Act 194, Eff. Jan. 31, 1991.

Section 38.1369c - Employee in Nonpublic Elementary or Secondary Educational Institution or Nonpublic Institution of Higher Education, Employee in Foreign Country at School for United States Personnel or Dependents, Full-Time Teacher With Job Corps,...

Section 38.1369d, 38.1369e - Repealed. 1989, Act 194, Eff. Jan. 31, 1991.

Section 38.1369f - Election to Purchase Not More Than 5 Years of Service Credit Less Years of Service Credit Purchased Under Other Provisions; Request; Payment of Actuarial Cost; Prohibited Uses of Service Credit; Refund; Member Ineligible to Initiat...

Section 38.1369g - Former Employees of Reporting Unit as Public School Employees; Conditions; Remittances Required for Granting of Service Credit; Definitions.

Section 38.1370 - State of Michigan Service; Condition for Granting Membership or Prior Service Credit; Requirements; Petition for Transfer of Service Credit, Accumulated Contributions, and Interest; Refund; Member Ineligible to Initiate Service Cred...

Section 38.1371 - Sabbatical Leave; Employee Organization Professional Services Leave or Released Time; Member Ineligible to Initiate Service Credit Purchase.

Section 38.1372 - Repealed. 1989, Act 194, Imd. Eff. Aug. 25, 1989.

Section 38.1373 - Resumption of Employment Following Honorable Discharge or Release From Active Duty With Armed Forces; Service Credit; Limitation; Accumulation of Contributions to Reserve for Employee Contributions at Regular Interest.

Section 38.1374 - Service Credit for Member Not Meeting Requirements of MCL 38.1373; Election; Computation of Payment; Restriction; Condition.

Section 38.1374a, 38.1374b - Repealed. 1989, Act 194, Eff. Jan. 31, 1991.

Section 38.1375 - Separation From Service or Reduction of Hours for Purposes of Parental Leave; Purchase of Service Credit; Refund; Application; Member Ineligible to Initiate Service Credit Purchase; "Parental Leave" Defined.

Section 38.1376 - Partial Purchase of Service Credit.

Section 38.1377, 38.1378 - Repealed. 1989, Act 194, Eff. Jan. 31, 1991.

Section 38.1379 - Actuarial Cost; Recomputation.

Section 38.1379a - Recomputation of Payment for Purchase of Service; Refund.

Section 38.1379b - "Initiate a Service Credit Purchase" Defined.