A bill to amend 1943 PA 240, entitled “State employees’ retirement act,” by amending sections 55, 58, 63, 63a, and 69 (MCL 38.55, 38.58, 38.63, 38.63a, and 38.69), section 55 as amended and section 63a as added by 2011 PA 264, sections 58 and 63 as added by 1996 PA 487, and section 69 as amended by 2002 PA 99.
Senate Bills 262 and 263 amends the State Employees' Retirement Act to update participant eligibility, investment options, and contribution structures for Tier 2, while introducing annuity options and clarifying tax exemptions and administrative procedures.
Introduced
by
Referred to the Committee on Labor
