Sec. 211.
The reserve for employer contributions is created. The retirement system shall credit to the reserve for employer contributions all court fees, late fees, and interest payments received pursuant to section 304; state appropriations received pursuant to section 302; and employer contributions received under section 303. The retirement system shall credit to the reserve for employer contributions any residual balance remaining in the reserve for investment income after crediting interest to the reserves created by this act and after satisfying any other requirements under this act. The retirement system shall transfer money into or out of the reserve for employer contributions as provided in section 212.
History: 1992, Act 234, Eff. Mar. 31, 1993
Structure Michigan Compiled Laws
Chapter 38 - Civil Service and Retirement
Act 234 of 1992 - The Judges Retirement Act of 1992 (38.2101 - 38.2670)
Article II - (38.2201...38.2217)
Section 38.2201 - Michigan Judges Retirement System; Creation; Purpose.
Section 38.2206 - State Treasurer as Treasurer of Retirement System; Authority; Duties.
Section 38.2207 - Attorney General as Retirement Board Attorney.
Section 38.2208 - Administration of Retirement System.
Section 38.2209 - Annual Report.
Section 38.2210 - Reserve for Member Contributions.
Section 38.2211 - Reserve for Employer Contributions.
Section 38.2212 - Reserve for Retirement Benefits.
Section 38.2213 - Reserve for Investment Income.
Section 38.2214 - Reserve for Health Benefits.
Section 38.2214a - Postretirement Medical Benefits.
Section 38.2215 - Determination of Actuarial Cost; Establishing Method; Calculation.
Section 38.2216 - Compliance With Reciprocal Retirement Act.