Statutes > Michigan Statutes > Chapter 38 - CIVIL SERVICE AND RETIREMENT > Act 182 of 1986 - STATE POLICE RETIREMENT ACT OF 1986 (38.1601 - 38.1648) > Section 38.1616 - Reserve for employer contributions; transfer of accumulated employer contributions.

Section 38.1616 - Reserve for employer contributions; transfer of accumulated employer contributions.

STATE POLICE RETIREMENT ACT OF 1986 (EXCERPT)
Act 182 of 1986

38.1616 Reserve for employer contributions; transfer of accumulated employer contributions.

Sec. 16.

(1) The reserve for employer contributions is the account to which contributions by the state shall be credited.

(2) Accumulated employer contributions shall be transferred from the reserve for employer contributions to the reserve for retired benefit payments upon the retirement or death of a member or deferred member.


History: 1986, Act 182, Eff. Oct. 1, 1986