Michigan Compiled Laws Act 427 Of 1984 Municipal Employees Retirement Act Of 1984 (38.1501 - 38.1558)

AN ACT to provide for a retirement system for municipal and judicial employees; to create a retirement board and to prescribe its powers and duties; to prescribe the powers and duties of certain other state officers and agencies; and to repeal certain acts and parts of acts.

History: 1984, Act 427, Imd. Eff. Jan. 2, 1985 ;-- Am. 1988, Act 500, Imd. Eff. Dec. 29, 1988

Section 38.1501 Short Title.
This act shall be known and may be cited as the “municipal employees retirement act of 1984”. History: 1984, Act 427, Imd. Eff. Jan....
Section 38.1502 Meanings Of Words And Phrases.
For the purposes of this act, the words and phrases defined in sections 2a to 2c have the meanings ascribed to them in those...
Section 38.1502a Definitions; C To J.
(1) "Certification date" means August 15, 1996. (2) "Chief judge" means the chief judge of a judicial circuit court, a judicial district court, or...
Section 38.1502b Definitions; M.
(1) "Member" means an individual who is included in the membership of the retirement system, as determined by the retirement board. (2) "Municipality" means...
Section 38.1502c Definitions; P To V.
(1) “Participating court” means a judicial circuit court, a judicial district court, or a judicial probate court that has elected to be governed by...
Section 38.1503-38.1510a Repealed. 1996, Act 220, Eff. Aug. 15, 1996.
Compiler's Notes: The repealed sections pertained to credited service.
Section 38.1511 Repealed. 1986, Act 291, Imd. Eff. Dec. 22, 1986.
38.1511 Repealed. 1986, Act 291, Imd. Eff. Dec. 22, 1986.
Section 38.1512-38.1535 Repealed. 1996, Act 220, Eff. Aug. 15, 1996.
Compiler's Notes: The repealed sections pertained to benefit programs.
Section 38.1536 Retirement Board; Creation; Board As Public Corporation; Powers And Duties; Administrative Functions; Membership; Rules Of Procedure; Record Of Proceedings; Quorum; Voting; Term Of Office; Oath; Expenses; Absence Of Member From Work; Vacancy; Chairperson And Chairperson Pro Tem; Chief Executive Officer.
(1) A retirement board is created to administer this act. Before the certification date, the retirement board shall operate within the department of management...
Section 38.1536a Repealed. 2004, Act 490, Imd. Eff. Dec. 28, 2004.
Compiler's Notes: The repealed section pertained to promulgation of administrative rules.
Section 38.1537, 38.1538 Repealed. 1996, Act 220, Eff. Aug. 15, 1996.
Compiler's Notes: The repealed sections pertained to annual reports, tables, data, and information.
Section 38.1539 Retirement Board As Trustees Of Money And Other Assets; Investments; Investment Counsel; Purpose Of Investments; Discretionary Authority.
(1) The retirement board shall be the trustees of the money and other assets of the retirement system. The board shall have full power...
Section 38.1540 Prohibited Conduct.
Members of the retirement board and employees of the retirement system are prohibited from: (a) Having any beneficial interest, direct or indirect, in any...
Section 38.1541-38.1544a Repealed. 1996, Act 220, Eff. Aug. 15, 1996.
Compiler's Notes: The repealed sections pertained to election to participate or change benefit and contribution programs.
Section 38.1545 Annual Meeting; Selection Of Members To Retirement Board; Transaction Of Business; Notice Of Meeting; Certification Of Delegates; Conduct Of Election; Nominating Procedures; Referendum.
(1) The retirement board shall call an annual meeting of the retirement system for the purpose of selecting members of the retirement board and...
Section 38.1545a-38.1554 Repealed. 1996, Act 220, Eff. Aug. 15, 1996.
Compiler's Notes: The repealed sections pertained to disposition of reserves.
Section 38.1555 Repeal Of Mcl 38.601 To 38.669.
Act No. 135 of the Public Acts of 1945, being sections 38.601 to 38.669 of the Michigan Compiled Laws, is repealed. History: 1984, Act...
Section 38.1556 Repealed. 1996, Act 220, Eff. Aug. 15, 1996.
Compiler's Notes: The repealed section pertained to retirement system as qualified pension plan and trust as exempt organization.
Section 38.1557 Repealed. 1993, Act 63, Eff. May 23, 1993.
Compiler's Notes: The repealed section pertained to a municipality participating in the retirement system.
Section 38.1558 Repealed. 1996, Act 220, Eff. Aug. 15, 1996.
Compiler's Notes: The repealed section pertained to recognition of prior service credit.

Last modified: October 10, 2016