Michigan Laws 38.1616 – Reserve for employer contributions; transfer of accumulated employer contributions
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(1) The reserve for employer contributions is the account to which contributions by the state shall be credited.
(2) Accumulated employer contributions shall be transferred from the reserve for employer contributions to the reserve for retired benefit payments upon the retirement or death of a member or deferred member.
Terms Used In Michigan Laws 38.1616
- 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