Mich. Comp. Laws § 38.1050

This is the official text of Mich. Comp. Laws § 38.1050, part of Michigan’s Comp. Laws — part of the compiled statutory law of Michigan, published by the state as "Comp. Laws." Browse the sections below, each linked to its official government source.

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Investment and reinvestment of cash assets; nonapplicability to Tier 2.

Official statutory text

Sec. 50.

The cash assets of the retirement system in excess of the amount required for current operations shall be invested and reinvested by the board in the manner provided by Act No. 314 of the Public Acts of 1965, being sections 38.1132 to 38.1140i of the Michigan Compiled Laws. This section does not apply to Tier 2.

History: 1957, Act 261, Eff. Sept. 27, 1957; Am. 1970, Act 237, Eff. Jan. 1, 1971; Am. 1987, Act 58, Imd. Eff. June 23, 1987; Am. 1996, Act 486, Eff. Mar. 31, 1997

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.