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MI HB5241
Bill
Status
12/15/2010
Primary Sponsor
Richard LeBlanc
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AI Summary
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Amends Michigan's state police retirement system law to modify the definition of "final average compensation" used to calculate retirement benefits.
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Includes the value of unpaid furlough hours or hours exchanged for annual leave as part of final average compensation, calculated at the member's hourly rate, for members participating in the banked leave time program beginning October 1, 2003.
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Includes the value of temporary layoff hours (layoffs not exceeding one month with a fixed recall date) in final average compensation calculations beginning May 1, 2009.
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Clarifies that final average compensation is based on the last 2 years of service with the department of state police, or for duty disability cases, the 2-year period before the disability occurred.
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Effective immediately upon Governor's approval on December 9, 2010.
Legislative Description
Retirement; state police; final compensation; modify to include furlough hours. Amends sec. 3 of 1986 PA 182 (MCL 38.1603).
Retirement, state police
Last Action
Assigned Pa 220'10 With Immediate Effect
12/15/2010