March 10, 2004, Introduced by Rep. DeRossett and referred to the Committee on Tax Policy.
A bill to amend 1967 PA 156, entitled
"Optional retirement act of 1967,"
by amending section 2 (MCL 38.382), as amended by 1994 PA 296.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
1 Sec. 2. As used in this act:
2 (a) "Optional retirement program" means a system of
3 retirement benefits established as a part of the plan of
4 compensation for eligible teaching and administrative personnel.
5 (b) "Retirement system" means the Michigan public school
6 employees' retirement system created by the public school
7 employees retirement act
of 1979, Act No. 300 of the Public Acts
8 of 1980, being
sections 38.1301 to 38.1408 of the Michigan
9 Compiled Laws 1980 PA 300, MCL 38.1301 to 38.1408.
10 (c) "Eligible
employees" means the members of the faculty
11 and administrative all staff of state supported institutions of
1 higher education on a
full-time basis. whose positions require
2 the performance of
professional services in the discharge of the
3 educational or
administrative functions of the institution.
4 (d) "State supported institution of higher education" means
5 any of the following:
6 (i) Western Michigan university.
7 (ii) Eastern Michigan university.
8 (iii) Northern Michigan university.
9 (iv) Central Michigan university.
10 (v) Michigan technological university.
11 (vi) Ferris state university.
12 (vii) Lake Superior state university.
13 (viii) A community or junior college established pursuant to
14 section 7 of article VIII of the state constitution of 1963.
15 (ix) A community or junior college established pursuant to
16 part 25 of the school
code of 1976, Act No. 451 of the Public
17 Acts of 1976, being
sections 380.1601 to 380.1607 of the Michigan
18 Compiled Laws 1976 PA 451, MCL 380.1601 to 380.1607.
19 (e) "Board of control" means the board charged with policy
20 direction of a state supported institution of higher education.