STATE POLICE RETIREMENT ACT OF 1986 (EXCERPT)
Act 182 of 1986
38.1642b Qualified participant; Tier 1 and Tier 2 vesting schedule.Sec. 42b.
(1) A qualified participant is immediately 100% vested in his or her contributions made to Tier 2.
(2) A qualified participant who is a member of Tier 1 vests in the employer contributions made on his or her behalf to Tier 2 according to the following schedule:
(a) On completion of 2 years of service, 50%.
(b) On completion of 3 years of service, 75%.
(c) On completion of 4 years of service, 100%.
History: Add. 2018, Act 674, Imd. Eff. Dec. 28, 2018
Rendered 8/15/2025 11:15 AM
Michigan Compiled Laws Complete Through PA 5 of 2025
Courtesy of legislature.mi.gov