47 chapters · 822 sections in this title.
Mich. Comp. Laws § 38.1 Short title; meanings of words and phrases.
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Sec. 1. (1) This act shall be known and may be cited as the "state employees' retirement act". (2) For the purposes of this act, the words and phrases defined in sections 1a to 1i have the meanings ascribed to them in those sections.
Mich. Comp. Laws § 38.10 Retirement board members and employees; interest in investments prohibited.
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Sec. 10. No employe shall gain from investments. Except as provided herein, no member or employe of the retirement board shall have any interest direct or indirect in the gains or profits of any investment made by the retirement board nor as such directly or indirectly receive an…
Mich. Comp. Laws § 38.11 Employees' savings fund, employer's accumulation fund, annuity reserve fund, pension reserve fund, income fund, expense fund, and health insurance reserve fund; creation; health advance funding subaccount; description of funds as reference to accounting records of retirement system.
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Sec. 11. (1) There is created the employees' savings fund, employer's accumulation fund, annuity reserve fund, pension reserve fund, income fund, expense fund, and health insurance reserve fund. (2) The employees' savings fund is the fund in which shall be accumulated at regular …
Mich. Comp. Laws § 38.12 Annual statement of retirement funds in custody of state treasurer; availability of report and other writings to public; request for statement of credit.
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Sec. 12. (1) The state treasurer shall furnish annually to the retirement board a statement of the amount of the funds in the custody of the treasurer belonging to the retirement system. (2) The report and any writing prepared, owned, used, in the possession of, or retained by th…