Mich. Comp. Laws § 38.2666
This is the official text of Mich. Comp. Laws § 38.2666, 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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Participation in Tier 2; crediting years of service accrued under Tier 1.
Official statutory text
Sec. 716.
A qualified participant who was a member, deferred vested member, or former nonvested member of Tier 1 who makes an election to participate in Tier 2 pursuant to section 701 or 701a, shall be credited with the years of service accrued under Tier 1 on the effective date of participation in Tier 2 for the purpose of meeting the vesting requirements for benefits under section 715.
History: Add. 1996, Act 523, Eff. Mar. 31, 1997; Am. 1998, Act 66, Imd. Eff. Apr. 30, 1998; Am. 1999, Act 215, Eff. May 30, 2000
A qualified participant who was a member, deferred vested member, or former nonvested member of Tier 1 who makes an election to participate in Tier 2 pursuant to section 701 or 701a, shall be credited with the years of service accrued under Tier 1 on the effective date of participation in Tier 2 for the purpose of meeting the vesting requirements for benefits under section 715.
History: Add. 1996, Act 523, Eff. Mar. 31, 1997; Am. 1998, Act 66, Imd. Eff. Apr. 30, 1998; Am. 1999, Act 215, Eff. May 30, 2000
Status: in_force · Read it on the official government site
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