January 29, 2003, Introduced by Reps. Adamini, Shackleton, Gillard and Brown and referred to the Committee on Senior Health, Security and Retirement.
A bill to amend 1980 PA 300, entitled
"The public school employees retirement act of 1979,"
by amending section 68 (MCL 38.1368).
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
1 Sec. 68. (1) The retirement board shall grant 1 year of
2 service credit to a member who has been employed and remunerated
3 for services performed for not less than 6 hours per day and for
4 not less than 170 days in a school fiscal year. If the services
5 performed are for a member who is employed by a reporting unit
6 that operates for less than 170 days in a school fiscal year, the
7 retirement board shall grant 1 year of service credit to a member
8 who has been employed for not less than 7.5 hours per day and not
9 less than 136 days in a school fiscal year.
10 (2) A part-time member or a member employed for a fraction of
11 the fiscal year shall receive service credit for full-time
1 service on the basis of 30 or more hours per week and
2 proportionate credit for less than 30 hours on the basis of 30
3 hours for full-time credit in the proportion which the hours
4 employed in the school fiscal year bears to 1,020 hours.
5 (3) In computing terms of service, a year shall be a legal
6 fiscal year at the time and place where the service was
7 performed. Not more than 1 year's service shall be counted for
8 retirement purposes in any fiscal year.