Michigan Laws 38.2109 – Definitions; R
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(1) “Refund beneficiary” means 1 or more persons whom the member, vested former member, or retirant nominates under section 405 for the purpose of being paid accumulated contributions in the event of the death of the member, vested former member, or retirant if a retirement allowance is not payable to a retirement allowance beneficiary.
(2) “Reporting unit” means the unit of government responsible for reporting a member’s compensation, contributions, and other information required by the retirement system. Reporting unit includes, but is not limited to, the state court administrator’s office, the supreme court finance office, a county, a city, a district control unit, a local unit of government retirement plan, and a department of this state.
Terms Used In Michigan Laws 38.2109
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Probate: Proving a will
- 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
(3) “Retirant” means a member who retired with a retirement allowance payable from the reserves of the retirement system under this act, the former judges retirement system, or the former probate judges retirement system.
(4) “Retirement allowance” means a series of monthly payments to a retirant or retirement allowance beneficiary from the reserves of the retirement system.
(5) “Retirement allowance beneficiary” means a person who is being paid a retirement allowance from the reserves of the retirement system because of the death of a member, vested former member, or retirant under this act, the former judges retirement system, or the former probate judges retirement system.
(6) “Retirement board” means the Michigan judges retirement board created by section 202.
(7) “Retirement system” means the Michigan judges retirement system created by section 201.
(8) “Revised judicature act” means the revised judicature act of 1961, Act No. 236 of the Public Acts of 1961, being section 600.101 to 600.9947 of the Michigan Compiled Laws.