Sec. 1.
The retirement board, also referred to in this act as the pension board, created hereunder shall be known as "The retirement board" and shall be a corporate body, consisting of 5 members, which shall consist of:
(1) The treasurer of the city, village or municipality, so affected hereby.
(2) Two additional members, 1 of whom shall be an active member of and elected by a majority vote of the members of the fire department, and 1 of whom shall be an active member of and elected by a majority vote of the members of the police department under such rules and regulations as the retirement board shall adopt to govern such election. Each such member shall serve for a term of 4 years, except that in the first instance, the member elected by the police department shall serve for a term of 2 years. If in the first instance only the fire department or only the police department is included in the retirement plan, the 2 additional members shall be elected from that department and the candidate receiving the highest number of votes shall be elected for the 4-year term and the candidate receiving the second highest number of votes shall be elected for the 2-year term.
(3) Two additional members shall be appointed by the legislative body or another person or body authorized by the city or village charter to appoint administrative officials in any city or village affected by the provisions of this act.
History: 1937, Act 345, Eff. Oct. 29, 1937 ;-- Am. 1945, Act 256, Eff. Sept. 6, 1945 ;-- Am. 1947, Act 229, Imd. Eff. June 17, 1947 ;-- CL 1948, 38.551 ;-- Am. 1951, Act 16, Imd. Eff. Mar. 30, 1951 ;-- Am. 1959, Act 105, Eff. Mar. 19, 1960 Popular Name: Act 345
Structure Michigan Compiled Laws
Chapter 38 - Civil Service and Retirement
Act 345 of 1937 - Fire Fighters and Police Officers Retirement Act (38.551 - 38.562)
Section 38.551a - Short Title.
Section 38.552 - Retirement Board; Powers and Duties.
Section 38.554 - Credit for Prior Service.
Section 38.555 - Retirement Board; Quasi-Judicial Body; Review of Actions by Writ of Certiorari.
Section 38.556 - Age and Service Retirement Benefits.
Section 38.556b - Remarriage of Surviving Spouse; Applicability of Subsection (1) to Municipality.
Section 38.556d - Postretirement Adjustments Increasing Retirement Benefits.
Section 38.556e - Mandatory Subjects of Bargaining.
Section 38.558 - Refunds of Salary Contributions.
Section 38.560 - Investments; Transfer and Disposition of Certain Assets.
Section 38.561 - Referendum; Township or Charter Township.
Section 38.561a - Violation of MCL 168.1 to 168.992 Applicable to Petitions; Penalties.