Act 300 of 1980 - THE PUBLIC SCHOOL EMPLOYEES RETIREMENT ACT OF 1979 (38.1301 - 38.1467)
- 300-1980-1 - ARTICLE 1 (38.1301...38.1309)
- Section 38.1301 - Short title.
- Section 38.1302 - Meanings of words and phrases.
- Section 38.1303 - Definitions; A.
- Section 38.1303a - “Compensation” explained.
- Section 38.1304 - Definitions; C to M.
- Section 38.1305 - Definitions; M, N.
- Section 38.1306 - Definitions; O, P.
- Section 38.1307 - Definitions; R.
- Section 38.1308 - Definitions; S, T.
- Section 38.1309 - Calculating member's final average compensation; effective date of section.
- 300-1980-2 - ARTICLE 2 (38.1321...38.1336)
- Section 38.1321 - Public school employees' retirement system; creation.
- Section 38.1322 - Public school employees' retirement board; creation; appointment, qualifications, and terms of members; vacancy.
- Section 38.1323 - Retirement board; oath; conducting business at public meeting; notice of meeting; quorum; failure to attend scheduled meetings; availability of writings to public.
- Section 38.1324 - Retirement board; compensation and expenses.
- Section 38.1325 - Retirement board; rights, authority, and discretion; rules; limitation.
- Section 38.1326 - State treasurer as treasurer of retirement system; investment authority; fiduciary responsibility; disposition of funds.
- Section 38.1327 - Warrants.
- Section 38.1328 - Summary of fiscal transactions; contents; description of retirement benefits.
- Section 38.1329 - Reserve for employee contributions; individual subaccounts; refund, payment, or transfer of accumulated contributions.
- Section 38.1330 - Reserve for employer contributions.
- Section 38.1331 - Reserve for administrative expenses.
- Section 38.1332 - General fund.
- Section 38.1333 - Reserve for member investment plan; remittance of member contributions; individual subaccounts; refund, payment, or transfer of accumulated contributions.
- Section 38.1334 - Reserve for health benefits; payments; health advance; funding subaccount; transfer to reserve for employer contributions; conditions.
- Section 38.1335 - Reserve for retired benefit payments.
- Section 38.1336 - Reserve for undistributed investment income; pension stabilization subaccount.
- 300-1980-3 - ARTICLE 3 (38.1341...38.1347)
- Section 38.1341 - Determining annual level percentage of payroll contribution rate; computation; certification of estimated aggregate compensations; computation and certification of sum due and payabl
- Section 38.1341a - Separate contribution rate; unfunded accrued liability.
- Section 38.1341b - Employees as members on or after July 1, 2010; determination of separate employer contribution rate; individuals performing services for entity not participating in retirement servi
- Section 38.1342 - Reporting unit contribution under noncontributory plan; exclusive obligation; contributions picked up by employer; deduction of social security contributions; agreement of member; fo
- Section 38.1343 - Percentage paid for participants in optional retirement program.
- Section 38.1343a - Contributions of member to member investment plan; deduction and remittance as employer contributions; benefits; amount of contribution; election to make contributions; method and t
- Section 38.1343b - Eligibility requirements; exceptions.
- Section 38.1343c - Entitlements.
- Section 38.1343d - Contributions to member investment plan; election; conditions; amount; method, timing, and disposition of payments; applicability of section.
- Section 38.1343e - Contribution of percentage to funding account under public employee retirement health care funding act; "funding account" defined.
- Section 38.1344 - Separation from service; death; unclaimed retirement allowance or other money.
- Section 38.1345 - Change or error in records; correction; adjustment in benefits.
- Section 38.1346 - Benefits; exemption from taxation; offset of retirement benefits or refunds; forfeiture of service credit.
- Section 38.1347 - Employee of Michigan high school athletic association; entitlement to benefits preserved; limited membership; continued service; eligibility for retirement benefits; election; termin
- 300-1980-4 - ARTICLE 4 (38.1360...38.1379a)
- Section 38.1360 - Purchase of service credit; 2 years service credit required.
- Section 38.1361 - Employment of retirant in reporting unit.
- Section 38.1362 - Purchasing service credit; proof of service; contribution and interest.
- Section 38.1363 - Noncontributory plan; applicability; duty of reporting unit.
- Section 38.1364 - Purchase of service credit.
- Section 38.1365 - Written application for payment of accumulated contributions; forfeiture of prior service.
- Section 38.1366 - Cessation of membership; forfeiture of service; return to service; reinstatement of previously forfeited service.
- Section 38.1367 - Credit for service in another retirement system; withdrawal of accumulated contributions; forfeiture of service or monthly allowance.
- Section 38.1368 - Service credit; computing terms of service.
- Section 38.1369 - Out of system public education service; condition for granting membership or prior service credit; eligibility for retirement allowance; computation of payment; limitation; refund; n
- Section 38.1369a, 38.1369b - Repealed. 1989, Act 194, Eff. Jan. 31, 1991.
- Section 38.1369c - Employee in nonpublic elementary or secondary educational institution or nonpublic institution of higher education, employee in foreign country at school for United States personnel
- Section 38.1369d, 38.1369e - Repealed. 1989, Act 194, Eff. Jan. 31, 1991.
- Section 38.1369f - Election to purchase not more than 5 years of service credit less years of service credit purchased under other provisions; request; payment of actuarial cost; prohibited uses of se
- Section 38.1369g - Former employees of reporting unit as public school employees; conditions; remittances required for granting of service credit; definitions.
- Section 38.1370 - State of Michigan service; condition for granting membership or prior service credit; petition for transfer of service credit, accumulated contributions, and interest; refund.
- Section 38.1371 - Sabbatical leave; employee organization professional services leave or released time.
- Section 38.1372 - Repealed. 1989, Act 194, Imd. Eff. Aug. 25, 1989.
- Section 38.1373 - Resumption of employment following honorable discharge or release from active duty with armed forces; service credit; limitation; accumulation of contributions to reserve for employe
- Section 38.1374 - Service credit for member not meeting requirements of MCL 38.1373; election; computation of payment; restriction; condition.
- Section 38.1374a, 38.1374b - Repealed. 1989, Act 194, Eff. Jan. 31, 1991.
- Section 38.1375 - Separation from service or reduction of hours for purposes of parental leave; purchase of service credit; refund; application; "parental leave" defined.
- Section 38.1376 - Partial purchase of service credit.
- Section 38.1377, 38.1378 - Repealed. 1989, Act 194, Eff. Jan. 31, 1991.
- Section 38.1379 - Actuarial cost; recomputation.
- Section 38.1379a - Recomputation of payment for purchase of service; refund.
- 300-1980-5 - ARTICLE 5 (38.1381...38.1392a)
- Section 38.1381 - Retirement allowance under MCL 38.1384; application; eligibility requirements.
- Section 38.1381a - Retirement allowance computed according to MCL 38.1384(1); reduction inapplicable; definitions.
- Section 38.1381b - Retirement; eligibility requirements; computation; extension; "incentivized retirement application period" defined; amortization of additional costs.
- Section 38.1381c - Member 60 years of age or older with 10 or more years service.
- Section 38.1382 - Deferred vested service retirement allowance; entitlement; computation; application; forfeiture; payment of option to beneficiary.
- Section 38.1383 - Date of retirement allowance; payment on cessation of eligibility for continuation of benefits.
- Section 38.1384 - Retirement allowance; benefits; applicability of reduction; recalculation of retirement allowance; adjusted retirement allowance; election to return retirement allowance payments.
- Section 38.1385 - Payment options; election; change of option or beneficiary; payment to beneficiary; reversion of benefit to straight retirement allowance; term of payment; beneficiary predeceasing r
- Section 38.1386 - Disability allowance; requirements; extension of application time limit; computation; effective date.
- Section 38.1387 - Duty disability retirement allowance; requirements; computation; effective date; service credit; adjustment.
- Section 38.1388 - Duty or nonduty disability retirant; medical examination; affidavit; deception; discontinuance or revocation of nonduty disability retirement allowance; return to membership; restora
- Section 38.1389 - Surviving spouse; computation, payment, and termination of retirement allowance; remarriage of surviving spouse; allowance for surviving child less than 18; election of retirement al
- Section 38.1390 - Surviving spouse of deceased member receiving worker's disability compensation; computation, payment, and termination retirement allowance; remarriage of surviving spouse; allowa
- Section 38.1391 - Hospital, medical-surgical, and sick care benefits; dental, vision, and hearing benefits; retirant becoming member after June 30, 2008; entitlement of retirement allowance beneficiar
- Section 38.1392 - Long-term care insurance; withholding from retirement allowance.
- Section 38.1392a - Administration of changes; appropriation; work project; carrying forward unencumbered or unallotted funds.
- 300-1980-6 - ARTICLE 6 (38.1401...38.1412)
- Section 38.1401 - Supplemental pension.
- Section 38.1402 - Percentage increase to monthly retirement allowance payable after June 30, 1972; continuation.
- Section 38.1403 - Percentage increase to monthly retirement allowance payable under former provisions; continuation.
- Section 38.1404 - Percentage increase to monthly retirement allowance payable under additional former provisions; continuation.
- Section 38.1404a - Determining rate of investment return on retirement system assets and present value of retirement allowances; calculation and reduction of distribution income; crediting distributio
- Section 38.1405 - Violation; penalty.
- Section 38.1406 - Saving clause.
- Section 38.1407 - Repeal of MCL 38.201 to 38.366.
- Section 38.1408 - Administration of retirement system as qualified pension plan created in trust under internal revenue code; requirements and benefit limitations; qualified military service.
- Section 38.1409-38.1412 - Repealed. 1997, Act 143, Imd. Eff. Nov. 19, 1997.
- 300-1980-7 - ARTICLE 7 (38.1420...38.1467)
- Section 38.1420 - Tier 2 plan; implementation.
- Section 38.1421 - Words and phrases in sections 122 to 124; date for implementation of Tier 2 plan.
- Section 38.1422 - "Accumulated balance" and "compensation" defined.
- Section 38.1423 - "Employer" and "former qualified participant" defined.
- Section 38.1424 - "Plan document," "qualified participant," "refund beneficiary," and "state treasurer" defined.
- Section 38.1425 - Tier 2; department as fiduciary and trustee; appointment of advisory board; provisions and procedures; personnel and other services; adoption and compliance.
- Section 38.1426 - Request for hearing; conduct under administrative procedures act of 1969.
- Section 38.1427 - Investment; direction by qualified participant, former qualified participant, and refund beneficiary; applicability of limitations.
- Section 38.1428 - Tier 2; administrative expenses.
- Section 38.1429 - Participation in other public sector retirement benefits plan; "public sector employer" defined.
- Section 38.1431 - Tier 2 account; contributions; additional contribution; additional matching contributions by employer.
- Section 38.1432 - Vesting.
- Section 38.1434 - Refund beneficiary.
- Section 38.1435 - Tier 2; eligibility to receive distribution; effect of death of qualified participant; methods of distribution.
- Section 38.1437 - Exemption from state, county, municipal, or local tax; right to setoff to recover overpayments.
- Section 38.1451-38.1467 - Repealed. 1997, Act 143, Imd. Eff. Nov. 19, 1997.