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Michigan Legislature
Michigan Compiled Laws Complete Through PA 123 of 2019
House: Adjourned until Thursday, December 19, 2019 11:30:00 AM
Senate: Adjourned until Thursday, December 19, 2019 11:30:00 AM

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Act 88 of 1961
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Act 88 of 1961

AN ACT to provide for the preservation and continuity of retirement system service credits for public employees who transfer their employment between units of government.

History: 1961, Act 88, Eff. Sept. 8, 1961

© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

Section 38.1101SectionReciprocal retirement act; short title.
Section 38.1102SectionReciprocal retirement act; definitions.
Section 38.1102aSectionCompliance with applicable requirements of protecting local government retirement and benefits act.
Section 38.1103SectionReciprocal retirement act; adoption by municipal or state unit; certification, force and effect.
Section 38.1104SectionReciprocal retirement system; eligibility for retirement allowance; conditions; commencement of retirement allowance.
Section 38.1105SectionCredited service generally.
Section 38.1106SectionTransfer of credited service; agreement between preceding reciprocal unit and succeeding reciprocal unit; resolution; financial consideration; actuarial present value of retirement allowance; written policy.
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