Sec. 712.
An individual who first becomes a judge or state official on or after March 31, 1997 may irrevocably elect not to become a qualified participant of Tier 2 or may irrevocably elect to discontinue participation in Tier 2 by filing written notice of the election with the state treasurer. Upon receipt of the election, his or her employer shall not contribute any percentage of salary under section 714 for the individual who makes either election.
History: Add. 1996, Act 523, Eff. Mar. 31, 1997
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 VII - (38.2651...38.2670)
Section 38.2651b - Election Pursuant to MCL 38.2651 or MCL 38.2651a.
Section 38.2653 - Calculation and Submission of Cost Savings.
Section 38.2654 - Meanings of Words and Phrases; “Accumulated Balance” Defined.
Section 38.2655 - “Employer,”“former Qualified Participant,” and “Health Benefit Dependent” Defined.
Section 38.2657 - Administration of Tier 2 by State Treasurer.
Section 38.2660 - Administrative Expenses.
Section 38.2661 - Participation in Other Retirement Benefits Plan; Prohibition.
Section 38.2663 - Election to Terminate Membership in Tier 1; Credit or Charge to Tier 2 Account.
Section 38.2664 - Contributions by Employer and Participant.
Section 38.2665 - Vesting Requirements.
Section 38.2666 - Participation in Tier 2; Crediting Years of Service Accrued Under Tier 1.
Section 38.2667 - Refund Beneficiary.
Section 38.2668 - Methods of Distribution.