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Act 78 of 1958
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Act 78 of 1958

AN ACT to provide retirement benefits for certain employees of the board of governors of Wayne state university; and to make provisions for settlement of the respective annuity and pension liabilities in relation thereto.

History: 1958, Act 78, Eff. Sept. 13, 1958

© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

Section 38.371SectionWayne state university employee retirement system; definitions.
Section 38.372SectionRetirement allowance; payment prior to July 1, 1958.
Section 38.373SectionRetirement allowance; payment after July 1, 1958.
Section 38.374SectionSeparation of employees from Detroit school district employees retirement system; actuarial determination of credits and debits of board of governors and retirement commission.
Section 38.375SectionSeparation of employees from Detroit school retirement system; payments required; transfer of securities.
Section 38.376SectionSeparation of employees from Detroit school retirement system; payment of $1,000,000 by board of education to board of governors.
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