Michigan Compiled Laws
Act 205 of 1951 - Social Security for Public Employees (38.851 - 38.871)
Section 38.865 - Contribution Fund; Segregation; Withdrawals.

Sec. 15.
The contribution fund shall be established and held separate and apart from any other funds or moneys of the state and shall be used and administered exclusively for the purpose of this act. Withdrawals from such fund shall be made for, and solely for (a) payment of amounts required to be paid to the secretary of the treasury pursuant to an agreement entered into under section 3; (b) payment of refunds provided for in section 7 of this act; (c) the expenses of administration of this act; and (d) refunds of overpayments, not otherwise adjustable, made by a political subdivision or instrumentality, including overpayments of their share of the cost of administration of this act made under section 9.
History: 1951, Act 205, Imd. Eff. June 14, 1951

<< Previous

Next >>

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 38 - Civil Service and Retirement

Act 205 of 1951 - Social Security for Public Employees (38.851 - 38.871)

Section 38.851 - Federal Social Security Old-Age and Survivors Insurance Coverage; Extension to Public Employees; Maintenance of Benefits.

Section 38.852 - Extension of Social Security to Public Employees; Definitions.

Section 38.853 - Agreement to Extend Benefits of Federal Old-Age and Survivors Insurance System; Contents; Approval; Separate Retirement Systems.

Section 38.854 - Extension of Social Security; Joint Action With Other States.

Section 38.855 - Employee Contributions Required.

Section 38.856 - Employee Contributions; Payroll Deduction.