47 chapters · 822 sections in this title.
Mich. Comp. Laws § 38.1662 Definitions; A to C.
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Sec. 62. (1) "Accumulated balance" means the total balance in a qualified participant's, former qualified participant's, or refund beneficiary's individual account in Tier 2. (2) "Compensation" means the remuneration paid to a participant on account of the participant's services …
Mich. Comp. Laws § 38.1663 Definitions; E to F.
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Sec. 63. (1) "Employer" means this state. (2) "Former qualified participant" means an individual who was a qualified participant and who terminates the employment on which his or her participation is based for any reason.
Mich. Comp. Laws § 38.1664 Definitions; P to R.
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Sec. 64. (1) "Plan document" means the document that contains the provisions and procedures of Tier 2 in conformity with this act and the internal revenue code. (2) "Refund beneficiary" means an individual nominated by a qualified participant or a former qualified participant und…
Mich. Comp. Laws § 38.1665 Administration of Tier 2 plan; department as fiduciary and trustee; plan document; employ or contract personnel.
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Sec. 65. (1) The department shall administer Tier 2 and shall be the fiduciary and trustee of Tier 2. The department may appoint an advisory board to assist the department in carrying out its duties as fiduciary and trustee. The department and the state treasurer shall comply wit…