Section 38.1007a - “Direct rollover” and “distributee” defined.
MICHIGAN LEGISLATIVE RETIREMENT SYSTEM ACT (EXCERPT)
Act 261 of 1957
38.1007a “Direct rollover” and “distributee” defined.
Sec. 7a.
(1) “Direct rollover” means a payment by the retirement system to the eligible retirement plan specified by the distributee.
(2) “Distributee” includes a member or deferred vested member. Distributee also includes the member's or deferred vested member's surviving spouse or the member's or deferred vested member's spouse or former spouse under an eligible domestic relations order, with regard to the interest of the spouse or former spouse.
History: Add. 1995, Act 175, Imd. Eff. Oct. 17, 1995