Loading chat...
MI SB0047
Bill
AI Summary
-
Allows corrections officers who became state employee retirement system participants on or after March 31, 1997 to make a one-time, irrevocable election to transfer to the Michigan State Police Retirement System
-
Provides a 75-day election window for current eligible employees (those who joined between March 31, 1997 and February 1, 2026) starting from the act's effective date
-
Gives future employees (joining on or after February 1, 2026) a 75-day election window from their first payroll date to choose between retirement systems
-
Permits transferring employees to move their personal contributions and vested employer contributions from the state employee retirement system to purchase service credit in the state police retirement system
-
The bill only takes effect if Senate Bill No. 48 of the 103rd Legislature is also enacted into law
Legislative Description
Retirement: state employees; election process to transfer a corrections officer to the Michigan state police retirement system; provide for. Amends sec. 55 of 1943 PA 240 (MCL 38.55) & adds secs. 50b & 64a. TIE BAR WITH: SB 48'25
Retirement: state employees
Last Action
Referred To Committee On Government Operations
2/4/2025