Michigan Compiled Laws
Act 156 of 1967 - Optional Retirement Act of 1967 (38.381 - 38.388)
Section 38.381 - Optional Retirement Act of 1967; Short Title.

Sec. 1.
This act shall be known and may be cited as the "optional retirement act of 1967".
History: 1967, Act 156, Imd. Eff. June 30, 1967

Next >>

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 38 - Civil Service and Retirement

Act 156 of 1967 - Optional Retirement Act of 1967 (38.381 - 38.388)

Section 38.381 - Optional Retirement Act of 1967; Short Title.

Section 38.382 - Definitions.

Section 38.383 - Optional Retirement Program; Establishment; Participation of Eligible Employees, Terms and Conditions.

Section 38.383a - Availability of Program to State Supported Institution of Higher Education's Employees.

Section 38.384 - Board of Control; Purchase of Contracts Providing for Optional Program Benefits for Employees.

Section 38.385 - Optional Retirement Program; Election; Time; Reelection to Retirement System.

Section 38.386 - Optional Retirement Program; Participant Deemed Limited Member of Retirement System; Refund of Contributions Upon Termination of Service or Death; Computation of Benefits; Reelection to Retirement System as Bar to Service Credit.

Section 38.387 - Optional Retirement Program; Amounts to Be Disbursed and Credited to Employee's Benefit.

Section 38.388 - Federal Social Security Old-Age, Survivors' and Disability Insurance Coverage.