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MI SB0165
Bill
AI Summary
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Expands membership in the State Police Retirement Act of 1986 to include employees of the Department of Corrections, Department of Health and Human Services, Department of Natural Resources, and Department of Environment, Great Lakes, and Energy in calculating final average compensation.
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Allows individuals in eligible positions who elect to terminate participation in the State Employees' Retirement System to become members of the State Police Retirement System, treating them as members who first became members after June 9, 2012.
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Extends membership to conservation officers, state police motor carriers, and Michigan State Police properties securities officers who either elect to terminate State Employees' Retirement System participation or are first employed after September 30, 2024.
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Changes the qualifying date for "qualified participant" status from June 10, 2012 to June 9, 2012 for eligibility in Tier 2 retirement benefits.
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Bill becomes effective only if Senate Bill No. 166 and Senate Bill No. 167 of the 102nd Legislature are also enacted into law.
Legislative Description
Retirement: state police; membership in the retirement system of certain law enforcement officers first hired after certain date; provide for, and allow for purchasing service credit for certain law enforcement officers' service under the state employees' retirement system. Amends secs. 3 & 4 of 1986 PA 182 (MCL 38.1603 & 38.1604). TIE BAR WITH: SB 0166'23, SB 0167'23
State agencies (existing): technology, management, and budget
Last Action
Referred To Second Reading
12/12/2024