March 25, 2003, Introduced by Reps. Hoogendyk, Vander Veen, Sheen and Drolet and referred to the Committee on Senior Health, Security and Retirement.
A bill to amend 1980 PA 300, entitled
"The public school employees retirement act of 1979,"
by amending section 68 (MCL 38.1368).
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
1 Sec. 68. (1) The retirement board shall grant 1 year of
2 service credit to a member who has been employed and remunerated
3 for services performed
for not less than 6 hours per day and for
4 not less than 170 days
1,020 hours in a school
fiscal year.
5 (2) A part-time member or a member employed for a fraction
6 of the fiscal year shall receive service credit for full-time
7 service on the basis of 30 or more hours per week and
8 proportionate credit for less than 30 hours on the basis of 30
9 hours for full-time credit in the proportion which the hours
10 employed in the school fiscal year bears to 1,020 hours.
11 (3) In computing terms of service, a year shall be a legal
1 fiscal year at the time and place where the service was
2 performed. Not more than 1 year's service shall be counted for
3 retirement purposes in any fiscal year.
4 Enacting section 1. This amendatory act does not take
5 effect unless Senate Bill No. _____ or House Bill No. 4452
6 (request no. 02743'03) of the 92nd Legislature is enacted into
7 law.