Sec. 132. A qualified participant is immediately 100% vested in his or her contributions made to Tier 2. A qualified participant shall vest in the employer contributions made on his or her behalf to Tier 2 according to the following schedule: (a) Upon completion of 2 years of service, 50%. (b) Upon completion of 3 years of service, 75%. (c) Upon completion of 4 years of service, 100%.
Vesting.
Mich. Comp. Laws § 38.1432, under THE PUBLIC SCHOOL EMPLOYEES RETIREMENT ACT OF 1979.
Mich. Comp. Laws § 38.1432