38.60 Other public sector retirement benefits plan; participation.
134 words·~1 min read·
/mi/chapter-38/38-60A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
38.60 Other public sector retirement benefits plan; participation.
Sec. 60.
A qualified participant shall not participate in any other public sector retirement benefits plan for simultaneous service rendered to the same public sector employer. Except as otherwise provided in this act or by the state treasurer, this section does not prohibit a qualified participant from participating in a retirement plan established by this state or other public sector employer under the internal revenue code.
History: Add. 1996, Act 487 , Eff. Mar. 31, 1997
Compiler's Notes: Section 2 of Act 487 of 1996 provides:“If any section or part of a section of this act is for any reason held to be invalid or unconstitutional, the holding does not affect the validity of the remaining sections of this act or the act in its entirety.”