Sec. 8.
Refunds of salary contributions:
(1) If a fire fighter or police officer dies before being placed on pension, the total amount of the member's salary deductions, with interest as the board may determine, but not to exceed 2% per annum, shall be payable to the person or persons that the member nominated by written designation duly executed and filed with the board. If there is no designated person or persons surviving, then the total of the member's salary deductions shall be paid to the member's legal representative or estate.
(2) If a fire fighter or police officer becomes separated from the service before being eligible for retirement, the member shall be paid the total of the member's contributions together with interest as the board may determine, but not to exceed 2% per annum credited to the member upon his or her written request for a refund. If the person again becomes employed by the city, village, or municipality as a police officer or fire fighter, he or she shall, within 1 year following his or her reemployment, repay to the retirement system the amount previously withdrawn together with interest at 2% per year.
History: 1937, Act 345, Eff. Oct. 29, 1937 ;-- Am. 1939, Act 210, Eff. Sept. 29, 1939 ;-- Am. 1947, Act 229, Imd. Eff. June 17, 1947 ;-- CL 1948, 38.558 ;-- Am. 1951, Act 16, Imd. Eff. Mar. 30, 1951 ;-- Am. 1957, Act 52, Eff. Sept. 27, 1957 ;-- Am. 1989, Act 7, Imd. Eff. May 3, 1989 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.