Sec. 73.
A member of this retirement system who enters active duty with the armed forces and within 24 months after the date of the member's honorable discharge or release from active duty from the armed forces resumes employment as a public school employee under this act, former Act No. 136 of the Public Acts of 1945, former Act No. 56 of the Public Acts of 1941, or former Act No. 184 of the Public Acts of 1937, shall receive not more than 6 years of service credit, except required service extending beyond 6 years, for time spent in the armed forces credited to the member as a member of the retirement system. Credit also shall be given to a member who meets the requirements of this section for active duty service which the member rendered before becoming a member, if the member pays to the retirement system an amount determined pursuant to section 74 for the years of service rendered before becoming a member which are to be credited. The total service credited under this section shall not exceed 6 years. Service shall not be credited if it is or would be credited under any other federal, state, or local publicly supported retirement system, but this restriction shall not apply to a person who has acquired or will acquire retirement eligibility under the federal government for services in the reserve. During the period of the service of a member, contributions to the reserve for employee contributions standing to the member's credit as of the last payroll date preceding military service shall be accumulated at regular interest.
History: 1980, Act 300, Imd. Eff. Oct. 31, 1980 ;-- Am. 1989, Act 194, Imd. Eff. Aug. 25, 1989 Popular Name: Act 300
Structure 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 38.1368 - Service Credit; Computing Terms of Service.
Section 38.1369a, 38.1369b - Repealed. 1989, Act 194, Eff. Jan. 31, 1991.
Section 38.1369d, 38.1369e - Repealed. 1989, Act 194, Eff. Jan. 31, 1991.
Section 38.1372 - Repealed. 1989, Act 194, Imd. Eff. Aug. 25, 1989.
Section 38.1374a, 38.1374b - Repealed. 1989, Act 194, Eff. Jan. 31, 1991.
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.