HOUSE BILL No. 5757 April 22, 1998, Introduced by Rep. Profit and referred to the Committee on Appropriations. A bill to amend 1943 PA 240, entitled "State employees' retirement act," (MCL 38.1 to 38.69) by adding section 19g. THE PEOPLE OF THE STATE OF MICHIGAN ENACT: 1 SEC. 19G. (1) NOTWITHSTANDING SECTION 19, A MEMBER MAY 2 RETIRE AND RECEIVE A RETIREMENT ALLOWANCE COMPUTED UNDER SECTION 3 20(1) IF THE MEMBER MEETS ALL OF THE FOLLOWING REQUIREMENTS: 4 (A) ON THE EFFECTIVE DATE OF HIS OR HER RETIREMENT, THE 5 MEMBER HAS MET THE SERVICE REQUIREMENTS TO RECEIVE A RETIREMENT 6 ALLOWANCE UNDER THIS ACT AND THE MEMBER'S COMBINED AGE AND AMOUNT 7 OF CREDITED SERVICE IS EQUAL TO OR GREATER THAN 70 YEARS. 8 (B) THE MEMBER WAS EMPLOYED BY THE LEGISLATURE FOR THE 9 6-MONTH PERIOD ENDING ON THE EFFECTIVE DATE OF HIS OR HER 10 RETIREMENT. A MEMBER WHO WAS RESTORED TO ACTIVE SERVICE WITH THE 11 LEGISLATURE DURING THAT 6-MONTH PERIOD UNDER SECTION 33 OR A 06147'98 KKR 2 1 MEMBER WHO IS ON LAYOFF STATUS FROM THE LEGISLATURE DURING THAT 2 6-MONTH PERIOD IS CONSIDERED TO HAVE MET THE EMPLOYMENT REQUIRE- 3 MENT OF THIS SUBDIVISION. 4 (C) THE MEMBER FILES A WRITTEN APPLICATION WITH THE RETIRE- 5 MENT BOARD, ON OR AFTER NOVEMBER 15, 1998, BUT NOT LATER THAN 6 DECEMBER 31, 1998, STATING A DATE, WHICH DATE SHALL BE 30 DAYS OR 7 MORE AFTER THE EXECUTION AND FILING OF THE APPLICATION BUT NOT 8 LATER THAN FEBRUARY 1, 1999, ON WHICH HE OR SHE DESIRES TO 9 RETIRE. 10 (2) ANY AMOUNT THAT A MEMBER RETIRING UNDER THIS SECTION 11 WOULD OTHERWISE BE ENTITLED TO RECEIVE IN A LUMP SUM AT RETIRE- 12 MENT ON ACCOUNT OF ACCUMULATED SICK LEAVE SHALL BE PAID IN 60 13 CONSECUTIVE EQUAL MONTHLY INSTALLMENTS. 06147'98 Final page. KKR