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47 chapters · 822 sections in this title.
Mich. Comp. Laws § 38.1211 Short title.
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Sec. 1. This act shall be known and may be cited as the "public employee health care fund investment act".
Mich. Comp. Laws § 38.1212 Definitions.
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Sec. 2. As used in this act: (a) "Bankruptcy trust" means a trust created by a court order, including a plan for adjustment. (b) "Bankruptcy trust beneficiary" means an individual who is eligible to receive health care benefits under a bankruptcy trust. (c) "Board of trustees" or…
Mich. Comp. Laws § 38.1213 Establishment of public employee health care fund; resolution.
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Sec. 3. The legislative body of a public corporation may adopt a resolution establishing a public employee health care fund for the purpose of accumulating funds to provide for the funding of health care benefits to retirants and beneficiaries of retirants of the public corporati…
Mich. Comp. Laws § 38.1214 Investment fiduciary; duties.
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Sec. 4. An investment fiduciary shall invest the assets of the fund in accordance with an investment policy adopted by the governing body of a public corporation and that complies with section 13 of the public employee retirement system investment act, 1965 PA 314, MCL 38.1133. H…