Michigan Compiled Laws
Article 4 - (38.1360...38.1379b)
Section 38.1376 - Partial Purchase of Service Credit.

Sec. 76.
On and after the effective date of this section, a member who is otherwise entitled to purchase service credit for active duty in the armed forces under section 73 or 74, or for maternity or paternity or child rearing under section 75, may purchase such service credit in separate increments equal to 1 or more full years, or a remaining fraction of a year, if any, or both. Partial purchase of service credit under this section shall not bar future such purchases otherwise in compliance with this section and sections 73, 74, and 75, but computation of the amount of payment due shall be made separately for each purchase.
History: Add. 1985, Act 91, Imd. Eff. July 10, 1985 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Section 38.1369a, 38.1369b - Repealed. 1989, Act 194, Eff.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.