Michigan Compiled Laws
Article 7 - (38.1420...38.1467)
Section 38.1451-38.1467 - Repealed. 1997, Act 143, Imd. Eff. Nov. 19, 1997.

Compiler's Notes: The repealed sections pertained to termination of membership on Tier 1 and contributions to Tier 2 account.

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 7 - (38.1420...38.1467)

Section 38.1420 - Tier 2 Plan; Implementation.

Section 38.1421 - Words and Phrases in Sections 122 to 124; Date for Implementation of Tier 2 Plan.

Section 38.1422 - "Accumulated Balance" and "Compensation" Defined.

Section 38.1423 - "Employer" and "Former Qualified Participant" Defined.

Section 38.1424 - "Plan Document," "Qualified Participant," "Refund Beneficiary," and "State Treasurer" Defined.

Section 38.1425 - Tier 2; Department as Fiduciary and Trustee; Appointment of Advisory Board; Provisions and Procedures; Personnel and Other Services; Adoption and Compliance.

Section 38.1426 - Request for Hearing; Conduct Under Administrative Procedures Act of 1969.

Section 38.1427 - Investment; Direction by Qualified Participant, Former Qualified Participant, and Refund Beneficiary; Applicability of Limitations; Annuity Options.

Section 38.1428 - Tier 2; Administrative Expenses.

Section 38.1429 - Participation in Other Public Sector Retirement Benefits Plan; "Public Sector Employer" Defined.

Section 38.1431 - Tier 2 Account; Contributions; Additional Contribution; Additional Matching Contributions by Employer.

Section 38.1431a - Tier 2 Accounts; Terms and Conditions.

Section 38.1432 - Vesting.

Section 38.1434 - Refund Beneficiary.

Section 38.1435 - Tier 2; Eligibility to Receive Distribution; Effect of Death of Qualified Participant; Methods of Distribution.

Section 38.1437 - Exemption From State, County, Municipal, or Local Tax; Right to Setoff to Recover Overpayments.

Section 38.1451-38.1467 - Repealed. 1997, Act 143, Imd. Eff. Nov. 19, 1997.