Michigan Compiled Laws
Act 182 of 1986 - State Police Retirement Act of 1986 (38.1601 - 38.1674)
Section 38.1667 - Investment Options Under Tier 2 Plan; Limitations Do Not Apply.

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 38.1606 - State Police Retirement Board; Creation; Appointment, Qualifications, and Terms of Members.

Section 38.1607 - State Police Retirement Board; Oath of Member; Conducting Business at Public Meeting; Notice; Quorum; Failure of Member to Attend 3 Consecutive Meetings; Availability of Writings to Public; Rules.

Section 38.1608 - State Police Retirement Board; per Diem Compensation; Reimbursement of Expenses; Maximum Number of Meetings.

Section 38.1609 - State Treasurer as Treasurer of Retirement System; Investment Authority; Fiduciary Responsibility; Limitations on Investment of Funds; Deposit of Funds; Disposition of Income Earned by Reserves.

Section 38.1610 - Warrants.

Section 38.1611 - Engagement of Actuary; Annual Valuation; Experience Investigation and Risk Assumptions; Report.

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 38.1614 - Funding Objective of Retirement System; Annual Level Percentage of Payroll Contribution Rate; Submission of Differences to Legislature for Appropriation; Allocation and Deposit of Funds; Pension and Retiree Health Care Payroll Growt...

Section 38.1614a - Intent; Retirement System as Qualified Pension Plan and Trust as Exempt Organization; Administration; Employer-Financed Benefit Limitation; Use and Investment of Assets; Return of Post-Tax Member Contributions; Beginning Date of Di...

Section 38.1615 - Reserve for Employee Contributions; Subaccounts; Transfer of Accumulated Member Contributions.

Section 38.1615a - Mandatory Contributions Into the Reserve for Employee Contributions.

Section 38.1616 - Reserve for Employer Contributions; Transfer of Accumulated Employer Contributions.

Section 38.1617 - Reserve for Retired Benefit Payments; Transfer Between Reserve for Employer Contributions and Reserve for Retired Benefit Payments.

Section 38.1618 - Reserve for Casualty Experience; Initial Casualty Valuation as Determining Full Funding Reserve Requirements; Allocation From Assets; Retiree Casualty Payments; “Casualty” Defined.

Section 38.1619 - Reserve for Undistributed Investment Income; Amounts to Be Transferred; Providing Contingency Reserves or Meeting Requirements of Other Reserve Accounts; Insufficient Balance.

Section 38.1620 - Administrative Expenses; Appropriation.

Section 38.1621 - Allocation of Undistributed Investment Income; Charging Amounts Allocated; Allocation Rates.

Section 38.1622 - Payment Date of Retirement Allowance; Payment Upon Cessation of Retirement Allowance.

Section 38.1623 - Employees of Department of State Police as Members of Retirement System; Tier 1 or Tier 2 Plan; Resignation, Death, Transfer, or Dismissal of Member; Lump Sum; Transfer of Unclaimed Contributions.

Section 38.1624 - Eligibility for Retirement; Application for Retirement; Mandatory Retirement; Amount of Retirement Allowance; Death of Retirant; Appeal to Retirement Board; Retirement Allowance Payment Options; Retirement Allowance Beneficiary; Exc...

Section 38.1624a - Deferred Retirement Option Plan.

Section 38.1624b - Members on or After June 10, 2012; Minimum Eligibility for Retirement; Application for Retirement; Amount of Retirement Allowance.

Section 38.1625 - Payment of Retirement Allowance to Surviving Spouse, Children, Mother, Father, Sisters, or Brothers; Payment to Deceased Member's Estate; Applicability of Supplements to Retirement Allowances and Minimum Annual Retirement Allowance...

Section 38.1626 - Retirement Due to Duty Incurred Disability; Amount of Retirement Allowance; Payment to Surviving Spouse or Children; Payment to Deceased Member's Estate; Maximum Retirement Allowance; Eligibility for Health Insurance Coverage.

Section 38.1627 - Nonduty Related Death Prior to Effective Date of Retirement; Payment to Surviving Spouse or Children; Payment to Deceased Member's Estate; Prohibited Payment; Commencement of Retirement Allowance; Eligibility for Health Insurance Co...

Section 38.1628 - Retirement Due to Nonduty Incurred Disability; Amount of Retirement Allowance; Payment to Surviving Spouse or Children; Payment to Deceased Member's Estate; Eligibility for Health Insurance Coverage.

Section 38.1629 - Retirement Allowance on Grounds of Disability; Medical Examination; Certification of Findings; Failure to Return to Active Duty; Forfeiture of Rights.

Section 38.1630 - Deferred Retirement Allowance in Lieu of Refund of Contributions; Amount; Commencement and Duration of Payments; Forfeiture; Payment to Surviving Spouse or Dependent Children; Effect of Reemployment; Combining Prior and Subsequent S...

Section 38.1631 - Remarriage of Surviving Spouse.

Section 38.1632 - Purchase of Service Credit for Active Duty With Armed Forces.

Section 38.1633 - Purchase of Service Credit for Service in Vista or Peace Corps; Eligibility Exception.

Section 38.1634 - Leaving Service or Reducing Hours of Employment for Purposes of Maternity or Paternity or Child Rearing; Purchase of Service Credit; Eligibility Exception.

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 38.1639a - Monthly Retirement Allowance of Retirant or Beneficiary of Deceased Retirant; Increase in Payments; Requirements; Basis for Calculations of Future Adjustments.

Section 38.1640 - Total Retirement Allowance of Retirant or Beneficiary of Deceased Retirant; Increase; Basis for Calculations of Future Adjustments.

Section 38.1640a - Retirement Allowance of Retirant or Retirement Allowance Beneficiary; Increase; Amount; Limitation.

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 38.1641a - Retirant Participating and Accruing Leave Time in Bank Time Hours Program Established December 22, 1957 to July 13, 1963; Supplement.

Section 38.1642 - Payment of Hospitalization and Medical, Dental, and Vision Coverage Insurance Premiums; Creation and Function of Health-Dental-and Vision Benefits Fund; Health Advance Funding Subaccount; Transfer of Funds; Application of Section to...

Section 38.1642a - Elimination of Health Insurance Coverage Premium for Certain Members; Contributions Into Tier 2 Account; Credit to Health Reimbursement Account.

Section 38.1642b - Qualified Participant; Tier 1 and Tier 2 Vesting Schedule.

Section 38.1643 - Right of Member, Retirant, or Beneficiary to Retirement Allowance or Other Benefit.

Section 38.1644 - Transfer of Records, Personnel, Property, or Funds to Retirement System.

Section 38.1645 - General Administration, Management, and Responsibility for Operation of 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 38.1665 - Administration of Tier 2 Plan; Department as Fiduciary and Trustee; Plan Document; Employ or Contract Personnel.

Section 38.1666 - Claim of Rights Under Tier 2; Hearing; Application of Administrative Procedures Act to Tier 2.

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 38.1669 - Participation in Other Public Sector Retirement Benefits Plan Prohibited; Exception.

Section 38.1670 - Tier 2 Vesting and Contribution Requirements.

Section 38.1672 - Nomination of Refund Beneficiary; Requirements.

Section 38.1673 - Distribution of Accumulated Balance in Tier 2; Death of Participant; Optional Methods of Distribution.

Section 38.1674 - Right of Setoff; Overpayments; Embezzlement or Fraud; Correction of Errors.