38.371 Wayne state university employee retirement system; definitions.
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38.371 Wayne state university employee retirement system; definitions.
Sec. 1.
As used in this act:
(a)"Board of governors" means the board of governors of Wayne state university.
(b)"Board of education" means the board of education of the city of Detroit.
(c)"Retirement commission" means the retirement commission of the employee retirement system of the school district of the city of Detroit.
(d)"Retirement system" means the employee retirement system of the school district of the city of Detroit created and established by chapter 2 of Act No. 136 of the Public Acts of 1945, as amended, being sections 38.301 to 38.355 of the Compiled Laws of 1948.
(e)"Wayne service" means creditable service of an employee of the board of education who has been transferred to Wayne state university and includes creditable service prior to such transfer and service as an employee of the board of governors of Wayne state university thereafter.
(f)"Wayne retirement allowance" means the annuity, pension or retirement allowance payable to a person on account of Wayne service.
History: 1958, Act 78, Eff. Sept. 13, 1958