City Employee; Transfer or Purchase of Service Credit - Mich. Comp. Laws Section 38.17n
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Michigan Laws > Civil Service And Retirement > City Employee; Transfer or Purchase of Service Credit - Mich. Comp. Laws Section 38.17n
38.17n City employee; transfer or purchase of service credit.
Sec. 17n.
(1) A member may transfer or purchase service credit earned when the member was an employee of a city with a population over 750,000 if all of the following apply:
(a) The member became a member on September 1, 1981.
(b) The member was employed by a city with a population over 750,000 on August 31, 1981.
(c) The pension system of the city with a population over 750,000, the city with a population over 750,000, or the member agrees to contribute the actuarial cost of the service credit transferred or purchased to the retirement system.
(2) Upon payment of the actuarial cost of the service credit purchased, the retirement system shall credit the member with the service.
History: Add. 2002, Act 93, Imd. Eff. Mar. 27, 2002
Section: 38.17d 38.17g 38.17h 38.17i 38.17j 38.17l 38.17m 38.17n 38.18 38.19 38.19a 38.19b 38.19c 38.19d 38.19e
Last modified: March 17, 2013
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