MI SB1101

Eliminates employee cost-sharing requirement for unfunded actuarial accrued liability (UAAL) contributions for members who first became members on or after February 1, 2018, allowing only employers to pay this portion.

Removes the forfeiture of retirement allowance and health care benefits for retirants who are rehired by reporting units, effective upon the bill's enactment date.

Modifies payroll growth assumption reduction schedule for non-university reporting units beginning September 30, 2022, allowing flexibility in basis point reductions if UAAL contribution impact exceeds 7% threshold.

Eliminates subsections (5) and (6) of section 81c that authorized increases to regular retirement age based on mortality experience investigation studies.

Changes effective dates for certain rehiring provisions from July 1, 2025 to the bill's enactment date, including provisions for substitute teachers, instructional coaches, and school improvement facilitators.