MI HB5679

Adds new category (p) to Section 5 to exclude individuals who are primarily students while employed by tax-supported community colleges or junior colleges from membership in the public school employees retirement system, effective upon the bill's enactment.

Defines "primarily a student" as enrollment in a tax-supported community college or junior college for academic credit while normally working 30 or fewer hours per week for that institution.

Amends Section 124(2) to exclude individuals meeting the "primarily a student" definition from the definition of "qualified participant" in the Tier 2 retirement plan, effective upon the bill's enactment.

Corrects technical language in Section 124(2) by changing "upon" to "on" in the definition of qualified participant.