MI HB4667

Allows state police members hired after specified dates (sections 4(1)(b), (d), and (f)) to purchase service credit for prior service under the State Employees' Retirement Act of 1943 by paying the actuarial value as determined by the retirement system's actuary.

Members are not required to purchase any service credit and may choose to purchase only partial service rendered under the State Employees' Retirement Act, with service not creditable if the member receives a retirement allowance for the same service from another retirement system.

Members must initiate service credit purchases by October 17, 2025 at 5 p.m. EDT and complete payment within 4 years; purchases can be made through tax-deferred payments or additional payments as determined by the retirement system.

Purchased service credit counts toward vesting under section 42b of the State Police Retirement Act.

Provisions of this act supersede conflicting collective bargaining agreement language for members described in sections 4(1)(b) through (g).