Michigan Compiled Laws Act 78 Of 1958 Wayne State University Employee Retirement System (38.371 - 38.376)

AN ACT to provide retirement benefits for certain employees of the board of governors of Wayne state university; and to make provisions for settlement of the respective annuity and pension liabilities in relation thereto.

History: 1958, Act 78, Eff. Sept. 13, 1958

Section 38.371 Wayne State University Employee Retirement System; Definitions.
As used in this act: (a) “Board of governors” means the board of governors of Wayne state university. (b) “Board of education” means the...
Section 38.372 Retirement Allowance; Payment Prior To July 1, 1958.
Wayne retirement allowances payable on account of Wayne service terminating prior to July 1, 1958, shall be paid by the retirement system in accordance...
Section 38.373 Retirement Allowance; Payment After July 1, 1958.
Wayne retirement allowances on account of Wayne service not terminated prior to July 1, 1958, shall cease to be the obligation of the retirement...
Section 38.374 Separation Of Employees From Detroit School District Employees Retirement System; Actuarial Determination Of Credits And Debits Of Board Of Governors And Retirement Commission.
A determination shall be made by the actuary for the legislative retirement system provided in sections 39 and 46 of Act No. 261 of...
Section 38.375 Separation Of Employees From Detroit School Retirement System; Payments Required; Transfer Of Securities.
The payments required by the determination provided for in section 4 shall be made on or before December 31, 1958. Should this determination require...
Section 38.376 Separation Of Employees From Detroit School Retirement System; Payment Of $1,000,000 By Board Of Education To Board Of Governors.
The board of governors shall accept the proposal of the board of education for the payment by the board of education to the board...

Last modified: October 10, 2016