SB 0048
Retirement: state police; membership in the retirement system of a corrections officer first hired after certain date; provide for, and allow for purchasing service credit for certain corrections officers' service under the state employees' retirement system. Amends secs. 3, 4, 14 & 70 of 1986 PA 182 (MCL 38.1603 et seq.) & adds secs. 14b & 24c. TIE BAR WITH: SB 47'25
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill modifies the State Police Retirement Act of 1986 to allow state police members who were initially hired after a certain date to purchase service credit in the state employees’ retirement system. Specifically, it amends several sections to provide for and allow corrections officers hired after a specific date to earn service credit under the state police retirement system, and adds new sections to address specific aspects of this process. The bill also includes provisions related to contributions and funding for the retirement system, including adjustments to contribution rates and a mechanism for addressing unfunded actuarial liabilities.
Sponsors
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Primary sponsor
Sylvia A. Santana
Cosponsors
Edward W. McBroom
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