38.1343b Eligibility requirements; exceptions.
107 words·~1 min read·
/mi/chapter-38/38-1343bA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
38.1343b Eligibility requirements; exceptions.
Sec. 43b.
A member who contributes to the member investment plan shall have the eligibility requirements of section 81 except as follows:
(a)The age 55 requirement of section 81(1)(a) shall not apply.
(b)The 10 years of credited service requirement of section 81(1)(b) shall be 5 years if the member is working as a public school employee and the member received credited service in each of the 5 school fiscal years immediately preceding the retirement allowance effective date.
History: Add. 1985, Act 91, Imd. Eff. July 10, 1985 ;-- Am. 1989, Act 194, Imd. Eff. Aug. 25, 1989
Popular Name: Act 300