Sec. 8a.
(1) A retirement system that has both members and retirants of its retirement system eligible to be elected to the position of member of the governing board shall comply with this section.
(2) The retirement system and the political subdivision sponsoring the retirement system shall ensure equal treatment of all individuals who are elected or seek to be elected to the position of member of the governing board. The retirement system or the political subdivision sponsoring the retirement system shall not require a retirant who is elected or seeks to be elected to the position of member of the governing board to meet more stringent or additional requirements to serve, be elected, or participate in the election process than a member who is elected or seeks to be elected to the position of member of the governing board.
(3) If the retirement system or the political subdivision sponsoring the retirement system compensates a member who is elected to the position of member of the governing board, the retirement system or the political subdivision sponsoring the retirement system shall compensate a retirant who is elected to the position of member of the governing board at no less than the least amount of compensation given to a member who is elected to the position of member of the governing board.
(4) As used in this section:
(a) "Compensate" or "compensation" mean any form of remuneration for performing duties as a member of the governing board including stipend pay by the retirement system or working at taxpayer expense as an employee of or under contract with the political subdivision sponsoring the system.
(b) "Member of the governing board" means a trustee, commissioner, or other official member of the governing board vested with the general administration, management, and operation of the retirement system or other decision-making body that is responsible for implementation and supervision of a retirement system.
History: Add. 2012, Act 492, Imd. Eff. Dec. 28, 2012
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.