Mich. Comp. Laws § 38.17n
This is the official text of Mich. Comp. Laws § 38.17n, 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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City employee; transfer or purchase of service credit.
Official statutory text
Sec. 17n.
A member may transfer or purchase service credit earned when the member was an employee of a city with a population over 750,000 if all of the following apply:
The member became a member on September 1, 1981.
The member was employed by a city with a population over 750,000 on August 31, 1981.
The pension system of the city with a population over 750,000, the city with a population over 750,000, or the member agrees to contribute the actuarial cost of the service credit transferred or purchased to the retirement system.
Upon payment of the actuarial cost of the service credit purchased, the retirement system shall credit the member with the service.
History: Add. 2002, Act 93, Imd. Eff. Mar. 27, 2002
A member may transfer or purchase service credit earned when the member was an employee of a city with a population over 750,000 if all of the following apply:
The member became a member on September 1, 1981.
The member was employed by a city with a population over 750,000 on August 31, 1981.
The pension system of the city with a population over 750,000, the city with a population over 750,000, or the member agrees to contribute the actuarial cost of the service credit transferred or purchased to the retirement system.
Upon payment of the actuarial cost of the service credit purchased, the retirement system shall credit the member with the service.
History: Add. 2002, Act 93, Imd. Eff. Mar. 27, 2002
Status: in_force · Read it on the official government site
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