SB 0047
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
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill allows corrections officers who have worked for the state of Michigan to elect to transfer their retirement benefits to the Michigan State Police retirement system. It establishes a specific election process with defined periods for making this change, and outlines how the retirement system will handle these elections. Furthermore, it allows eligible participants to transfer their contributions and employer contributions to the State Police retirement system to purchase service credit.
Sponsors
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Primary sponsor
Edward W. McBroom
Cosponsors
Sylvia A. Santana
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