Michigan Laws 38.1151 – Deferred compensation plan; administration and investment
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(1) Until October 1, 1996, the department of civil service may implement and administer a deferred compensation plan that may include a fixed-income plan and a stock plan option. The plan, if implemented, shall be established by resolution by the state civil service commission. The resolution shall set forth the purpose, eligibility requirements, membership, qualifications, and administration of the plan.
(2) Beginning on October 1, 1996, the state treasurer is responsible for the administration and investment of the deferred compensation plan.
Terms Used In Michigan Laws 38.1151
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o