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Statutes > Michigan Statutes > Chapter 38 - CIVIL SERVICE AND RETIREMENT > Act 77 of 2010 - PUBLIC EMPLOYEE RETIREMENT HEALTH CARE FUNDING ACT (38.2731 - 38.2747)

Act 77 of 2010 - PUBLIC EMPLOYEE RETIREMENT HEALTH CARE FUNDING ACT (38.2731 - 38.2747)

  • Section 38.2731 - Short title.
  • Section 38.2732 - Definitions.
  • Section 38.2733 - Irrevocable trust; authorization; creation; establishment; governing board of each retirement system as grantor; members of retirement system board as trustees; deposits; distributio
  • Section 38.2734 - Assets as irrevocable.
  • Section 38.2735 - Assets; use; limitation.
  • Section 38.2736 - Assets not subject to certain processes of law.
  • Section 38.2737 - Assets; diversion for other purposes prohibited.
  • Section 38.2738 - Remaining trust assets; dissolution; distribution.
  • Section 38.2739 - Written trust agreement; contents.
  • Section 38.2740 - Retirement health care benefits; prefunding; credit to funding account.
  • Section 38.2741 - Written plan document; terms and conditions of payments of retirement health care benefits.
  • Section 38.2742 - Severability.
  • Section 38.2743 - Trusts; validity.
  • Section 38.2744 - Taxation of assets and income.
  • Section 38.2745 - Trustee; exception from certain responsibilities; indemnification.
  • Section 38.2747 - Correction of error by trustees.




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