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Public Act Number: 523
Public Act Year: 1996
Document Type(s): MCLs
(25 results found)
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Document Type Description
Section 38.2110a Section “Tier 1” and “Tier 2” defined.
Section 38.2214 Section Reserve for health benefits.
Section 38.2401a Section Exclusion from Tier 1; eligibility as qualified participant in Tier 2.
Section 38.2501a Section Early retirement benefits act; system subject to regulation.
Section 38.2651 Section Participation in Tier 1 or Tier 2 by member, vested former member, or former nonvested member; election; writing; irrevocability; method; election subject to domestic relations order act; disqualification for tax purposes; election not implemented due to court order.
Section 38.2652 Section Termination of membership; transfer, recomputation, and calculation by retirement system.
Section 38.2653 Section Calculation and submission of cost savings.
Section 38.2654 Section Meanings of words and phrases; “accumulated balance” defined.
Section 38.2655 Section “Employer,”“former qualified participant,” and “health benefit dependent” defined.
Section 38.2656 Section “Qualified participant,”“refund beneficiary,”“salary,” and “state treasurer” defined.
Section 38.2657 Section Administration of Tier 2 by state treasurer.
Section 38.2658 Section Hearing.
Section 38.2659 Section Direction of investment by qualified participant, former qualified participant, and refund beneficiary.
Section 38.2660 Section Administrative expenses.
Section 38.2661 Section Participation in other retirement benefits plan; prohibition.
Section 38.2662 Section Judge or state official; election not to participate or to discontinue participation in Tier 2.
Section 38.2663 Section Election to terminate membership in Tier 1; credit or charge to Tier 2 account.
Section 38.2664 Section Contributions by employer and participant.
Section 38.2664.amended Section Contributions by employer and participant.
Section 38.2665 Section Vesting requirements.
Section 38.2666 Section Participation in Tier 2; crediting years of service accrued under Tier 1.
Section 38.2667 Section Refund beneficiary.
Section 38.2668 Section Methods of distribution.
Section 38.2669 Section Health insurance coverage.
Section 38.2670 Section Distributions; exemption from tax; subject to taxation beginning January 1, 2012; right of setoff to recover overpayments; satisfaction of claims arising from embezzlement or fraud; correction of errors.