Michigan Compiled Laws 234-1992-i Article I (38.2101...38.2111)

• Section 38.2101 Short Title.
  This act shall be known and may be cited as “the judges retirement act of 1992”. History: 1992, Act 234, Eff. Mar. 31, 1993
• Section 38.2102 Meanings Of Words And Phrases.
  For the purposes of this act, the words and phrases defined in this article have the meanings ascribed to them in those sections. History:...
• Section 38.2103 Definitions; A.
  (1) “Accumulated contributions” means the balance standing to the member's credit in the reserve for member contributions. The balance includes member contributions and interest...
• Section 38.2104 Definitions; C, D.
  (1) “Compensation” means 1 of the following: (a) For a plan 1 member or plan 2 member, the salary paid by this state. (b)...
• Section 38.2105 Definitions; E, F.
  (1) Beginning January 1, 2002, except as otherwise provided in this subsection, "eligible retirement plan" means 1 or more of the following: (a) An...
• Section 38.2106 Definitions; I To M.
  (1) “Interest” means the rate or rates of interest per annum, compounded annually, as determined by the retirement board. (2) “Internal revenue code” means...
• Section 38.2107 Definitions; O.
  (1) “Option A beneficiary” means the retirement allowance beneficiary designated by the member under section 506(1)(a). (2) “Option B beneficiary” means the retirement allowance...
• Section 38.2108 Definitions; P.
  (1) "Plan 1 member" means a member or vested former member who is or was the governor, lieutenant governor, secretary of state, attorney general,...
• Section 38.2109 Definitions; R.
  (1) “Refund beneficiary” means 1 or more persons whom the member, vested former member, or retirant nominates under section 405 for the purpose of...
• Section 38.2110 Definitions; S.
  (1) “Salary standardization payment” means the amount of money payable by this state to a county, a city, or a district control unit for...
• Section 38.2110a “tier 1” And “tier 2” Defined.
  (1) “Tier 1” means the retirement plan available under this act to a member who first became a judge or state official before March...
• Section 38.2111 Definitions; V.
  “Vested former member” means a member who is entitled to a deferred vested service retirement allowance under section 502. History: 1992, Act 234, Eff....

Last modified: October 10, 2016