Mich. Comp. Laws § 38.1151
This is the official text of Mich. Comp. Laws § 38.1151, 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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Deferred compensation plan; administration and investment.
Official statutory text
Sec. 1.
Until October 1, 1996, the department of civil service may implement and administer a deferred compensation plan that may include a fixed-income plan and a stock plan option. The plan, if implemented, shall be established by resolution by the state civil service commission. The resolution shall set forth the purpose, eligibility requirements, membership, qualifications, and administration of the plan.
Beginning on October 1, 1996, the state treasurer is responsible for the administration and investment of the deferred compensation plan.
History: 1976, Act 306, Imd. Eff. Oct. 28, 1976; Am. 1996, Act 96, Imd. Eff. Feb. 28, 1996
Until October 1, 1996, the department of civil service may implement and administer a deferred compensation plan that may include a fixed-income plan and a stock plan option. The plan, if implemented, shall be established by resolution by the state civil service commission. The resolution shall set forth the purpose, eligibility requirements, membership, qualifications, and administration of the plan.
Beginning on October 1, 1996, the state treasurer is responsible for the administration and investment of the deferred compensation plan.
History: 1976, Act 306, Imd. Eff. Oct. 28, 1976; Am. 1996, Act 96, Imd. Eff. Feb. 28, 1996
Status: in_force · Read it on the official government site
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