Sec. 8.
(1) This act is not intended to prohibit a member or retirant from receiving a loan from the retirement system if the retirement system concludes that the member or retirant is otherwise eligible for a loan.
(2) Nothing in this act shall prevent a retirement system administrator from correcting records and seeking to recover overpayments that the retirement system made to a retirant or member.
History: 2002, Act 100, Imd. Eff. Mar. 27, 2002
Structure Michigan Compiled Laws
Chapter 38 - Civil Service and Retirement
Act 100 of 2002 - Public Employee Retirement Benefit Protection Act (38.1681 - 38.1689)
Section 38.1681 - Short Title.
Section 38.1682 - Definitions.
Section 38.1683 - Rights Not Subject to Process of Law or Assignment.
Section 38.1684 - Rights Subject to Forfeiture and Domestic Relations Orders.
Section 38.1685 - Award or Order Requiring Withholding Payments; Limitations.
Section 38.1686 - Benefit Payments; Establishment of Arrangement and Fund.
Section 38.1687 - Retirement System and Benefits Subject to MCL 800.401 to 800.406.
Section 38.1688 - Loan Eligibility; Correcting Records and Recovering Overpayments.
Section 38.1689 - Notification of Disqualification From u.s. Internal Revenue Service.