Michigan Compiled Laws Act 345 Of 1937 Fire Fighters And Police Officers Retirement Act (38.551 - 38.562)

AN ACT to provide for the establishment, maintenance, and administration of a system of pensions and retirements for the benefit of the personnel of fire and police departments employed by cities, villages, or municipalities having full paid members in the departments, and for the spouses and children of the members; to provide for the creation of a board of trustees to manage and operate the system; to authorize appropriations and deductions from salaries; to prescribe penalties and provide remedies; and to repeal all acts and parts of acts inconsistent therewith.

History: 1937, Act 345, Eff. Oct. 29, 1937 ;-- Am. 1951, Act 16, Imd. Eff. Mar. 30, 1951 ;-- Am. 1989, Act 7, Imd. Eff. May 3, 1989 ;-- Am. 1998, Act 200, Eff. Mar. 23, 1999
Popular Name: Act 345

Section 38.551 Fire And Police Department Pension And Retirement System; Retirement Board, Members, Election, Appointment, Terms.
The retirement board, also referred to in this act as the pension board, created hereunder shall be known as “The retirement board” and shall...
Section 38.551a Short Title.
This act shall be known and may be cited as the “fire fighters and police officers retirement act”. History: Add. 1989, Act 7, Imd....
Section 38.552 Retirement Board; Powers And Duties.
The retirement board created under this act shall perform the following: (1) Make rules and regulations necessary to the proper conduct of the business...
Section 38.553 Retirement System Funds; Treasurer As Custodian; Bond; Disbursement Of Funds; Execution Of Voucher Or Warrant; Authorization.
The treasurer of the city, village, or municipality shall be the custodian of all funds of the retirement system and shall be required to...
Section 38.554 Credit For Prior Service.
All service performed by members prior to the enactment of this act by any city, village or township, including service performed for predecessor townships,...
Section 38.555 Retirement Board; Quasi-judicial Body; Review Of Actions By Writ Of Certiorari.
The board shall be a quasi-judicial body, and its actions shall be reviewable by writ of certiorari only. History: 1937, Act 345, Eff. Oct....
Section 38.556 Age And Service Retirement Benefits.
(1) Age and service retirement benefits payable under this act are as follows: (a) A member who is 55 years of age or older...
Section 38.556a Municipality Having Population Of 80,000 Or More; Applicability Of Mcl 38.556(1)(h) To Certain Members.
In a municipality having a population of 80,000 or more, section 6(1)(h) shall be applicable to any member who continues in service on or...
Section 38.556b Remarriage Of Surviving Spouse; Applicability Of Subsection (1) To Municipality.
(1) Notwithstanding section 6 or any predecessor to section 6, the remarriage of a surviving spouse shall not render the surviving spouse ineligible to...
Section 38.556c Service Credit For Employment In Transitional Public Employment Program; Payment Of Contributions And Regular Interest; Payroll Deduction; Amount In Reserve; Payment Of Contributions By Current Employer; Accident, Disability, Or Other Benefits.
(1) If a person who participated in a transitional public employment program becomes a member of a retirement system established under this act within...
Section 38.556d Postretirement Adjustments Increasing Retirement Benefits.
A municipality, by ordinance or in another manner provided by law, may adopt from time to time benefit programs providing for postretirement adjustments increasing...
Section 38.556e Mandatory Subjects Of Bargaining.
Notwithstanding any other provisions of this act, any matter relating to the retirement system provided by this act, including, but not limited to, postretirement...
Section 38.557 “an Act Of Duty,”“municipality” And “transitional Public Employment Program” Defined.
As used in this act: (a) “An act of duty” means an act performed by a fire fighter or police officer arising out of...
Section 38.558 Refunds Of Salary Contributions.
Refunds of salary contributions: (1) If a fire fighter or police officer dies before being placed on pension, the total amount of the member's...
Section 38.559 Contributions Of Member; Rate; Deduction From Salary; Appropriations To Maintain Actuarially Determined Reserves; Payment Of Deductions And Appropriations Into Retirement System; Prorating Pensions And Other Benefits; Expenses; Pensions As Obligations Of Retirement System.
(1) The contributions of a member to the retirement system shall be 5% of the salary paid to the member by the municipality. The...
Section 38.560 Investments; Transfer And Disposition Of Certain Assets.
Any and all cash assets and funds on hand not necessary for immediate payment of pensions or benefits under this act shall be invested...
Section 38.561 Referendum; Township Or Charter Township.
At any time after this act shall become effective, any city, village or municipality having a paid or part paid fire or police department,...
Section 38.561a Violation Of Mcl 168.1 To 168.992 Applicable To Petitions; Penalties.
A petition under section 11, including the circulation and signing of the petition, is subject to section 488 of the Michigan election law, 1954...
Section 38.562 Membership Of Retirement System.
(1) The membership of the retirement system created by a municipality affected by this act shall include each police officer and fire fighter employed...

Last modified: October 10, 2016