Sec. 15a.
(1) Beginning with his or her first pay date and ending on the member's termination of employment, each member first employed on or after June 10, 2012 shall contribute an amount equal to 4% of his or her compensation to the reserve for employee contributions to provide for the amount of retirement allowance that is calculated only on the credited service and compensation received by that member.
(2) Beginning on October 1, 2012, and ending on the member's termination of employment, each member hired before June 10, 2012 who, on October 1, 2012, was a bargaining unit employee covered by the state police defined benefit retirement plan shall contribute an amount equal to 1% of his or her compensation to the reserve for employee contributions. Beginning on October 1, 2013, members described in this subsection shall contribute an additional amount equal to 1% of his or her compensation to the reserve for employee contributions.
(3) The retirement system and state budget director shall determine a method of deducting the contributions provided for in this section from the compensation of each member for each payroll and each payroll period.
(4) The state shall pick up the member contributions required under subsections (1) and (2). Contributions picked up must be treated as employer contributions in determining tax treatment under the internal revenue code. The state shall pay these member contributions from the same source of funds that is used in paying compensation to the member.
(5) A member is entitled to the benefit of all contributions made under this section in the same manner as provided under section 15.
History: Add. 2018, Act 674, Imd. Eff. Dec. 28, 2018
Structure Michigan Compiled Laws
Chapter 38 - Civil Service and Retirement
Act 182 of 1986 - State Police Retirement Act of 1986 (38.1601 - 38.1674)
Section 38.1601 - Short Title.
Section 38.1602 - Meanings of Words and Phrases.
Section 38.1603 - Definitions; B to L.
Section 38.1604 - Definitions; M to S.
Section 38.1605 - Michigan State Police Retirement System; Creation.
Section 38.1612 - State Police Retirement Board; Chairperson; Executive Secretary.
Section 38.1613 - Summary of Fiscal Transactions.
Section 38.1613a - Correction of Error; Benefit Payment Adjustment.
Section 38.1615a - Mandatory Contributions Into the Reserve for Employee Contributions.
Section 38.1620 - Administrative Expenses; Appropriation.
Section 38.1624a - Deferred Retirement Option Plan.
Section 38.1631 - Remarriage of Surviving Spouse.
Section 38.1632 - Purchase of Service Credit for Active Duty With Armed Forces.
Section 38.1635 - Partial Purchase of Service Credit.
Section 38.1636 - Reinstatement of Disability Retirant.
Section 38.1637 - Supplement to Retirement Allowance Under Former MCL 28.107(5).
Section 38.1638 - Supplement to Retirement Allowance Under Former MCL 28.108c.
Section 38.1639 - Supplement to Retirement Allowance on or After October 1, 1986.
Section 38.1640b - Recalculation of Retirement Allowance.
Section 38.1640c - Supplemental Benefit; Conditions.
Section 38.1641 - Retirement Allowance Increases for Command Officers; Effect on Salary Adjustments.
Section 38.1642b - Qualified Participant; Tier 1 and Tier 2 Vesting Schedule.
Section 38.1644 - Transfer of Records, Personnel, Property, or Funds to Retirement System.
Section 38.1646 - Savings Clause.
Section 38.1647 - Repeal of MCL 28.101 to 28.110.
Section 38.1648 - Effective Date; Exceptions.
Section 38.1660 - Implementation of Tier 2 Plan.
Section 38.1661 - Meanings of Words and Phrases.
Section 38.1662 - Definitions; a to C.
Section 38.1663 - Definitions; E to F.
Section 38.1664 - Definitions; P to R.
Section 38.1667 - Investment Options Under Tier 2 Plan; Limitations Do Not Apply.
Section 38.1668 - Payment of Administrative Expenses of Tier 2 Plan.
Section 38.1670 - Tier 2 Vesting and Contribution Requirements.
Section 38.1672 - Nomination of Refund Beneficiary; Requirements.
Section 38.1674 - Right of Setoff; Overpayments; Embezzlement or Fraud; Correction of Errors.