™Your Policy Risk Impact Agent
31 chapters · 495 sections in this title.
Mich. Comp. Laws § 487.2101 Definitions.
0.7K chars
Sec. 1. As used in this act: (a) "College or university" means a state-supported college or university. (b) "Department" means the department of treasury. (c) "Financial institution" means a state or nationally chartered bank, a state or federally chartered savings and loan assoc…
Mich. Comp. Laws § 487.2102 Enrollment in distribution system for direct deposit of retirement benefit with financial institution; electronic fund transfer of state college and university payments.
0.9K chars
Sec. 2. (1) The bureau of retirement systems in the department of management and budget shall enroll recipients of a state retirement benefit who elect enrollment in a distribution system that directs the entire net amount of the monthly retirement benefit to be directly deposite…
Mich. Comp. Laws § 487.2103 Establishment of criteria and distribution system for participation by financial institution.
0.2K chars
Sec. 3. The department and the department of management and budget shall establish criteria and the distribution system by which a financial institution may participate in a state payroll deduction program.
Mich. Comp. Laws § 487.2104 Rules; participation prohibited under certain conditions.
0.6K chars
Sec. 4. (1) The department shall promulgate rules to implement this act pursuant to the administrative procedures act of 1969, Act No. 306 of the Public Acts of 1969, being sections 24.201 to 24.328 of the Michigan Compiled Laws. (2) The promulgated rules shall include the terms …