A bill to amend 1980 PA 300, entitled “The public school employees retirement act of 1979,” by amending section 85 (MCL 38.1385), as amended by 2006 PA 617.
House Bill No. 4660 amends the Public School Employees Retirement Act to clarify and expand options for retirement allowance payments and beneficiary designations, including new provisions for payments to special needs trusts and updated procedures for changing beneficiaries after divorce or remarriage.
Co-sponsored by Reps.
Referred to the Committee on Judiciary