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Code · Michigan · Chapter 38 — Civil Service and Retirement

38.1036a Reinstatement of suspended contributions.

67 words·~1 min read·/mi/chapter-38/38-1036a

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38.1036a Reinstatement of suspended contributions.
Sec. 36a.
If the actuary determines in his or her annual valuation of the system that the system is less than 100% funded, the retirement board may reinstate the member contributions that were suspended in sections 21, 22, and 50a and reduce the member contributions that were increased in section 22c.
History: Add. 1998, Act 501 , Imd. Eff. Jan. 5, 1999
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