Mich. Comp. Laws § 38.1066
This is the official text of Mich. Comp. Laws § 38.1066, 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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“Qualified participant,”“refund beneficiary,” and “state treasurer” defined.
Official statutory text
Sec. 66.
"Qualified participant" means an individual who is a participant of Tier 2 and who meets 1 of the following requirements:
An individual who first becomes a legislator or lieutenant governor on or after March 31, 1997, and who before March 31, 1997 would have been eligible to be a member of Tier 1.
An individual who elects to terminate membership in Tier 1 and who elects to participate in Tier 2 in the manner prescribed in section 61.
"Refund beneficiary" means an individual nominated by a qualified participant or a former qualified participant under section 77 to receive a distribution of the participant's accumulated balance in the manner prescribed in section 78.
"State treasurer" means the treasurer of this state.
History: Add. 1996, Act 486, Eff. Mar. 31, 1997
"Qualified participant" means an individual who is a participant of Tier 2 and who meets 1 of the following requirements:
An individual who first becomes a legislator or lieutenant governor on or after March 31, 1997, and who before March 31, 1997 would have been eligible to be a member of Tier 1.
An individual who elects to terminate membership in Tier 1 and who elects to participate in Tier 2 in the manner prescribed in section 61.
"Refund beneficiary" means an individual nominated by a qualified participant or a former qualified participant under section 77 to receive a distribution of the participant's accumulated balance in the manner prescribed in section 78.
"State treasurer" means the treasurer of this state.
History: Add. 1996, Act 486, Eff. Mar. 31, 1997
Status: in_force · Read it on the official government site
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