38.1613 Summary of fiscal transactions. Sec. 13. By April 15 of each year, the department shall furnish to the governor, the legislature, each retirant or beneficiary of a deceased retirant, and each member, a summary of the fiscal transactions of the retirement system for the last completed fiscal year. The summary shall contain at least the following information from the actuarial and financial statements: (a) A statement of assets and liabilities. (b) A statement of investments by, and amount earned in, each category. (c) A statement of revenues and expenditures. (d) A statement of the estimated number of members having vested pension benefits for which the retirement system is liable. (e) Other information the department or retirement board considers necessary. History: 1986, Act 182, Eff. Oct. 1, 1986
Michigan Legal Code