Mich. Comp. Laws § 38.1667
This is the official text of Mich. Comp. Laws § 38.1667, 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 options under Tier 2 plan; limitations do not apply.
Official statutory text
Sec. 67.
Each qualified participant, former qualified participant, and refund beneficiary shall direct the investment of the individual's accumulated employer and employee contributions and earnings to 1 or more investment choices within available categories of investment provided by the department. The limitations on the percentage of total assets for investments provided in the public employee retirement system investment act, 1965 PA 314, MCL 38.1132 to 38.1141, do not apply to Tier 2.
History: Add. 2018, Act 674, Imd. Eff. Dec. 28, 2018
Each qualified participant, former qualified participant, and refund beneficiary shall direct the investment of the individual's accumulated employer and employee contributions and earnings to 1 or more investment choices within available categories of investment provided by the department. The limitations on the percentage of total assets for investments provided in the public employee retirement system investment act, 1965 PA 314, MCL 38.1132 to 38.1141, do not apply to Tier 2.
History: Add. 2018, Act 674, Imd. Eff. Dec. 28, 2018
Status: in_force · Read it on the official government site
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