Loading chat...
MI SB0911
Bill
AI Summary
-
Allows conservation officers who were qualified participants before October 1, 2021 to elect in writing between January 1, 2023 and May 28, 2023 to terminate participation in the state employees' retirement system Tier 2 and transfer to the Michigan state police retirement system.
-
Election becomes effective May 29, 2024 and is irrevocable; requires spouse signature if the officer is married at the time of election, unless the retirement board waives this requirement due to extenuating circumstances.
-
Excludes conservation officers described in section 48 and those first employed on or after October 1, 2023 from eligibility to make the election under this provision.
-
Permits electing conservation officers to transfer their Tier 2 contributions and vested employer contributions to the state police retirement system to purchase service credit under the state police retirement act of 1986.
-
Takes effect only if Senate Bill No. 906 of the 101st Legislature is enacted into law.
Legislative Description
Retirement: state employees; election process to transfer a conservation officer to the Michigan state police retirement system; provide for. Amends secs. 55 of 1943 PA 240 (MCL 38.55) & adds secs. 50b & 64a.
State agencies (existing): technology, management, and budget
Last Action
Referred To Committee On Government Operations
2/24/2022