MI SB0888

Excludes student workers whose services are excepted from employment under federal tax regulations (26 CFR 31.3121(b)(10)-2) from mandatory participation in the public school employee retirement system, effective July 2, 2018.

Allows individuals already enrolled as members or qualified participants on the effective date to elect to remain in the retirement system if they continue working as students under the same federal tax exemption.

Requires each tax-supported community and junior college to report to the office of retirement services within 60 days on part-time student employees and contributions made or owed under the retirement system for the four fiscal years preceding September 30, 2018.

Mandates the office of retirement services submit a comprehensive report to the legislature within 90 days detailing the number of student employees and contribution data by reporting unit.