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Michigan Compiled Laws Complete Through PA 20 of 2019
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Act 149 of 1999
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Act 149 of 1999

AN ACT to provide for the creation of public employee health care funds; to provide for the administration of the funds; to authorize the investment of the assets of the funds or trusts; and to prescribe the powers and duties of investment fiduciaries and certain public officers and employees.

History: 1999, Act 149, Imd. Eff. Nov. 1, 1999

© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

Section 38.1211SectionShort title.
Section 38.1212SectionDefinitions.
Section 38.1213SectionEstablishment of public employee health care fund; resolution.
Section 38.1214SectionInvestment fiduciary; duties.
Section 38.1214aSectionTrustee of bankruptcy trust; service; removal; vacancy on board; meetings; business conducted at public meeting; publication of summary annual report on public website; "appointing authority" defined.
Section 38.1214bSectionCompensation.
Section 38.1215SectionInvestment of trust assets; resolution.
Section 38.1216SectionActuarial review; report.
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