John & Christina Wade - Page 2




                                        - 2 -                                         
               The sole issue for decision is whether petitioners are                 
          entitled to deduct $4,000 for contributions to their individual             
          retirement accounts (IRA’s) in 1996.                                        
               This case was submitted fully stipulated pursuant to Rule              
          122.  The stipulation of facts and the attached exhibits are                
          incorporated herein by this reference.  At the time the petition            
          was filed, petitioners resided in Ann Arbor, Michigan.                      
          Petitioners are husband and wife.  References to petitioner in              
          the singular are to Christina Wade.                                         
               Petitioner was a part-time employee of Washtenaw Community             
          College (WCC) of the Michigan public school system during taxable           
          year 1996.  As a part-time employee of WCC during 1996,                     
          petitioner was required to become a member of the Michigan Public           
          School Employees Retirement System (MPSERS).  The MPSERS’ Member            
          Investment Plan (plan) is a statewide employer-sponsored                    
          qualified defined benefit plan.  Participation in the MPSERS is             
          mandatory under the Public School Employees Retirement Act of               
          1979 (the Act), as amended, Mich. Comp. Laws, sec. 38.1301-                 
          38.1408 (1997), for all public school full-time, part-time,                 
          teaching and nonteaching, employees, including short-term and               
          interim employees except for a few specific groups exempt by law.           
          Because petitioner’s position with WCC was not exempt by law, she           
          was automatically enrolled in the plan as a part-time employee in           
          1996.                                                                       






Page:  Previous  1  2  3  4  5  6  7  8  9  Next

Last modified: May 25, 2011