Search Results

Printer Friendly
Public Act Number: 300
Public Act Year: 2012
Document Type(s): MCLs
(25 results found)
Please note: on small devices, or if your browser window is not maximized, you may need to scroll horizontally to see the entire table
Document Type Description
Act 300 of 1980 Statute THE PUBLIC SCHOOL EMPLOYEES RETIREMENT ACT OF 1979 (38.1301 - 38.1467)
Section 38.1305 Section Definitions; M, N.
Section 38.1306 Section Definitions; O, P.
Section 38.1308 Section Definitions; S, T.
Section 38.1325 Section Retirement board; rights, authority, and discretion; rules; limitation; study period; information to be provided to certain universities.
Section 38.1328 Section Summary of fiscal transactions; contents; description of retirement benefits; information to be posted on internet website and sent via electronic mail; database.
Section 38.1341 Section Determining annual level percentage of payroll contribution rates; factors; unfunded actuarial accrued liability contribution rate; computation and certification of sum due and payable; payment; certification of actual aggregate compensation; adjustment; evidence of correctness; audit; duties of reporting unit; submission of difference occurring in certain fiscal years; interest rate; reassignment of assets; rate of investment return; basis of asset valuation; use of salary increase assumption; deposit to health advance funding subaccount; allocations from employer contributions; experience investigation study; risk assumptions; report; pension and retiree health care payroll growth assumption rate; "university reporting unit" defined.
Section 38.1341a Section Separate contribution rate; unfunded accrued liability; "university reporting unit" defined.
Section 38.1342 Section Reporting unit contribution; exclusive obligation; contributions picked up by employer; deduction of Social Security contributions; agreement of member; forwarding retirement contributions; report; failure to submit report or contributions; late fee; intentional error or omission; withholding payment of state funds for noncompliance; exception for community or junior college student employee; "intentional" defined.
Section 38.1343a Section Contributions of member to member investment plan; deduction and remittance as employer contributions; benefits; amount of contribution; amounts; percentage; member on or before February 1, 2018.
Section 38.1343e Section Member before September 4, 2012; contribution of percentage to funding account under public employee retirement health care funding act; "funding account" defined.
Section 38.1343g Section Contribution beginning on transition date; amount; method of deducting contributions; picking up member contributions for compensation on or after transition date; benefit.
Section 38.1359 Section Calculation of retirement allowance; election and attainment date designation; credit for future service accrued and compensation earned; alternative election; method of accepting elections, designations, and alternative elections; member not making or rescinding election or who makes alternative election; reemployed member; definitions.
Section 38.1381b Section Retirement; eligibility requirements; computation; extension; "incentivized retirement application period" defined; amortization of additional costs.
Section 38.1381d Section Employment retirement system; election to participate in Tier 2; method of accepting elections; election period; member not making election considered as member of Tier 1; collection of employer and employee contributions; qualified participant considered as participant in Tier 2; definitions.
Section 38.1384 Section Retirement allowance; benefits; applicability of reduction; recalculation of retirement allowance; adjusted retirement allowance; election to return retirement allowance payments.
Section 38.1384b Section Retirement allowance for member making alternative election under section 59(2)(a) or (b); calculation; items of credited service under section 59(1); accumulation of years of service credit for purpose of vesting; calculation of retirement allowance under section 59(1) but not making attainment date designation; "attainment date" defined.
Section 38.1391 Section Hospital, medical-surgical, and sick care retirant benefits; dental and vision retirant benefits; retirement system premium; maximum contribution rate; health benefits coverage for dependent of retirant; coordination of benefits; definitions.
Section 38.1391a Section Retiree health care insurance coverage for employees hired after September 4, 2012; matching contribution in lieu of health insurance coverage benefits; vesting provisions; election to opt out of health insurance coverage premiums; effect of not making election under subsection (5); break in service or reemployment; implementation and applicability of subsections (5) to (10); report; definitions.
Section 38.1392b Section Appropriation; purposes; amount; completion date.
Section 38.1393 Section Third-party study.
Section 38.1408 Section Administration of retirement system as qualified pension plan created in trust under internal revenue code; requirements and benefit limitations; qualified military service.
Section 38.1424 Section "Plan document," "qualified participant," "refund beneficiary," and "state treasurer" defined.
Section 38.1431 Section Tier 2 account; contributions; additional contribution; additional matching contributions by employer.
Section 38.1431a Section Tier 2 accounts; terms and conditions.