Sec. 92.
Beginning on July 1, 2004, upon written application of a retirant, the retirement system shall withhold from the retirant's retirement allowance the entire monthly premium for voluntary long-term care insurance for the retirant, the retirement allowance beneficiary, and health insurance dependents, as that term is defined in section 91, who elect coverage in a long-term care insurance plan that is authorized by the retirement system. If the entire monthly premium for retirants, retirement allowance beneficiaries, and health insurance dependents is greater than the retirement allowance, the retirement system shall withhold the entire retirement allowance and apply it to the premium balance.
History: Add. 2003, Act 17, Imd. Eff. June 10, 2003 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 5 - (38.1381...38.1393)
Section 38.1381 - Retirement Allowance Under MCL 38.1384; Application; Eligibility Requirements.
Section 38.1392 - Long-Term Care Insurance; Withholding From Retirement Allowance.
Section 38.1392b - Appropriation; Purposes; Amount; Completion Date.