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§ 38.2702 — Michigan Law | CourtGPT
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  2. Laws/
  3. Michigan/
  4. Chapter 38 - Civil Service and Retirementact 240 of 1943 - State Employees' Retirement Act (38.1 - 38.69)/
  5. Statute Act 350 of 1994/
  6. § 38.2702
Michigan Legal Code

§ 38.2702

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38.2702 Definitions.Sec. 2. As used in this act: (a) 'Felony arising out of his or her service as a public employee' means 1 or more of the following: (i) A felony resulting from the misuse of public funds. (ii) A felony resulting from the receipt of a bribe or other financial benefit in that individual's capacity as a public employee. (b) 'Member' means a member, vested former member, deferred member, or participant of a retirement system. (c) 'Retirant' means an individual who has retired with a retirement benefit payable from a retirement system. (d) 'Retirement benefit' means an annuity, a retirement allowance, a pension, a benefit from employer contributions to a defined contribution plan, an optional benefit, a postretirement benefit, and any other right accrued or accruing to a member under a retirement system. Retirement benefit does not include health benefits provided to a retirant or his or her beneficiaries by a retirement system. (e) 'Retirement system' means a public employee retirement system established by this state or a political subdivision of this state. History: 1994, Act 350, Eff. Mar. 30, 1995 ;-- Am. 1996, Act 467, Imd. Eff. Dec. 26, 1996 ;-- Am.

public employee retirement system established by this state or a political subdivision of this state. History: 1994, Act 350, Eff. Mar. 30, 1995 ;-- Am. 1996, Act 467, Imd. Eff. Dec. 26, 1996 ;-- Am. 2017, Act 43, Eff. Sept. 5, 2017