Michigan Compiled Laws
Act 202 of 2017 - Protecting Local Government Retirement and Benefits Act (38.2801 - 38.2812)
Section 38.2801 - Short Title.

Sec. 1.
This act shall be known and may be cited as the "protecting local government retirement and benefits act".
History: 2017, Act 202, Imd. Eff. Dec. 20, 2017

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 38 - Civil Service and Retirement

Act 202 of 2017 - Protecting Local Government Retirement and Benefits Act (38.2801 - 38.2812)

Section 38.2801 - Short Title.

Section 38.2802 - Legislature Findings and Declarations.

Section 38.2803 - Definitions.

Section 38.2804 - Retirement Health Benefit Offered by Local Unit of Government; Requirements; "Summary Retiree Health Care Report" Defined.

Section 38.2805 - State Treasurer; Establishment of Uniform Actuarial Assumptions of Retirement Systems; Evaluation System; Review and Oversight of Underfunded Local Unit of Government; Determination; Calculation of Funded Ratios by Local Governmenta...

Section 38.2806 - Underfunded Status; Waiver; Duties of State Treasurer if Local Unit of Government Not Granted Waiver.

Section 38.2807 - Municipal Stability Board; Creation; Powers, Duties, and Functions; Membership; Appointment by Governor; Qualifications; Terms; Vacancy; Chairperson; Quorum; Meetings; Bylaws; Contract for Professional Services; Travel and Expenses;...

Section 38.2808 - Development of Corrective Action Plan; List of Best Practices and Strategies.

Section 38.2809 - Corrective Action Plan; Development and Submission for Approval.

Section 38.2810 - Corrective Action Plan; Review and Approval by Board; Inclusion of Corrective Options and Additional Solutions; Disapproval; Notification and Report; Implementation of Plan; Monitor and Certification of Compliance; Contents of Plan.

Section 38.2812 - Board as State Board; Members as State Officers; Presumption of Validity; Court Jurisdiction; Department of Treasury as Party.