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Bill > SB0048
MI SB0048
MI SB0048Retirement: state police; membership in the retirement system of a corrections officer first hired after certain date; provide for, and allow for purchasing service credit for certain corrections officers' service under the state employees' retirement system. Amends secs. 3, 4, 14 & 70 of 1986 PA 182 (MCL 38.1603 et seq.) & adds secs. 14b & 24c. TIE BAR WITH: SB 47'25
summary
Introduced
02/04/2025
02/04/2025
In Committee
02/04/2025
02/04/2025
Crossed Over
Passed
Dead
Introduced Session
103rd Legislature
Bill Summary
A bill to amend 1986 PA 182, entitled"State police retirement act of 1986,"by amending sections 3, 4, 14, and 70 (MCL 38.1603, 38.1604, 38.1614, and 38.1670), sections 3, 4, and 14 as amended and section 70 as added by 2018 PA 674, and by adding sections 14b and 24c.
AI Summary
This bill amends the State Police Retirement Act to create new provisions for corrections officers who elect to terminate their participation in the state employees' retirement system and join the state police retirement system. Specifically, the bill allows these corrections officers to purchase service credit for their previous state employee service by paying the actuarial value of that service. The bill establishes a flexible payment method for purchasing this service credit, giving members up to 5 years to complete the payment and allowing them to do so through tax-deferred or additional payments. For qualified participants in covered positions, the bill also introduces a graduated employer contribution scale based on years of completed service, ranging from 1% to 4% of compensation depending on the length of service. Additionally, the bill modifies definitions related to final average compensation, membership, and contribution rates to accommodate these changes. The bill is tied to another piece of legislation (Senate Bill 47) and will only take effect if that bill is also enacted into law.
Committee Categories
Government Affairs
Sponsors (3)
Last Action
Referred To Committee On Government Operations (on 02/04/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.mi.gov/Bills/Bill?ObjectName=2025-SB-0048 |
| BillText | https://legislature.mi.gov/documents/2025-2026/billintroduced/Senate/htm/2025-SIB-0048.htm |
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