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Code · Michigan · Chapter 38 — Civil Service and Retirement

38.1667 Investment options under Tier 2 plan; limitations do not apply.

94 words·~1 min read·/mi/chapter-38/38-1667

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38.1667 Investment options under Tier 2 plan; limitations do not apply.
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
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