Mich. Comp. Laws » Michigan Compiled Laws / Chapter 38 / Act 300 of 1980
Michigan Compiled Laws

Mich. Comp. Laws § 38.1422 (2026)

"Accumulated balance" and "compensation" defined.

✓ current as of July 2026
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THE PUBLIC SCHOOL EMPLOYEES RETIREMENT ACT OF 1979


Act 300 of 1980


38.1422 "Accumulated balance" and "compensation" defined.

Sec. 122.

    (1) "Accumulated balance" means the total balance in a qualified participant's, former qualified participant's, or refund beneficiary's individual account in Tier 2.

    (2) "Compensation" means the remuneration paid a participant on account of the participant's services rendered to his or her employer equal to the sum of the following:

    (a) A participant's W-2 earnings for services performed for the employer.

    (b) Any amount contributed or deferred at the election of the participant which is excluded from gross income under section 125, 132(f)(4), 401(k), 403(b), or 457 of the internal revenue code, 26 USC 125, 132, 401, 403, and 457.

History: Add. 2010, Act 75, Imd. Eff. May 19, 2010

Compiler's Notes:

    Enacting section 1 of Act 75 of 2010 provides: "Enacting section 1. If any section or part of a section of this act is for any reason held to be invalid or unconstitutional, the holding does not affect the validity of the remaining sections of this act or the act in its entirety."

PopularName Notes:

Act 300
Notes of Decisions
Cited in 1 case, 2015–2015 · leading case: Aft Michigan v. State of Michigan, 866 N.W.2d 782 (Mich. 2015).
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Aft Michigan v. State of Michigan, 866 N.W.2d 782 (Mich. 2015). “Beginning with the first payroll date after the transition date, and ending upon the member’s termination of service, the employer of a member described in subsection (3) shall contribute 4% of the member’s compensation as defined in [MCL 38.1422(1)] to the member’s Tier 2…”
Mich. Comp. Laws § 38.1422(1): 1 case
Aft Michigan v. State of Michigan, 866 N.W.2d 782 (Mich. 2015). “Beginning with the first payroll date after the transition date, and ending upon the member’s termination of service, the employer of a member described in subsection (3) shall contribute 4% of the member’s compensation as defined in [MCL 38.1422(1)] to the member’s Tier 2…”
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