Michigan Compiled Laws
Act 202 of 2017 - Protecting Local Government Retirement and Benefits Act (38.2801 - 38.2812)
Section 38.2802 - Legislature Findings and Declarations.

Sec. 2.
The legislature finds and declares that this act is intended to reflect the July 2017 Report of Findings and Recommendations for Action of the Responsible Retirement Reform for Local Government Task Force.
History: 2017, Act 202, Imd. Eff. Dec. 20, 2017

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.