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MI HB5833
Bill
Status
2/23/2022
Primary Sponsor
John Cherry
Click for details
AI Summary
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Allows conservation officers who are qualified participants and employed before October 1, 2021 to elect to terminate participation in Tier 2 of the State Employees' Retirement Act and transfer to the Michigan State Police Retirement System.
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Elections must be submitted in writing during January 1, 2023 through May 28, 2023 at 5 p.m. EDT, with the transfer becoming effective May 29, 2024 at 11:59 p.m. EDT.
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Requires spouse signature on election documents unless the retirement board waives this requirement due to extenuating circumstances.
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Permits conservation officers who transfer to move their Tier 2 contributions and vested employer contributions to the State Police Retirement System to purchase service credit.
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Excludes conservation officers hired on or after October 1, 2023 and those described in section 48 or meeting other specified criteria from eligibility to elect the transfer option.
Legislative Description
Retirement: state employees; election process to transfer a conservation officer to the Michigan state police retirement system; provide for. Amends sec. 55 of 1943 PA 240 (MCL 38.55) & adds secs. 50b & 64a.
State agencies (existing): technology, management, and budget
Last Action
Bill Electronically Reproduced 02/23/2022
2/24/2022