STATE EMPLOYEES' RETIREMENT ACT
Act 240 of 1943
38.1h Definitions; R.
Sec. 1h.
(1) "Regular interest" means a rate or rates per annum, compounded annually, as the retirement board determines. For the purposes of employee refunds, the interest rate payable shall not exceed 4% per annum, compounded annually.
(2) "Retirant" means a person who has ceased to be a member of the retirement system by reason of retirement with a pension or retirement allowance payable from the funds of the retirement system.
(3) "Retirement allowance" means the sum of the annuity and the pension.
(4) "Retirement board" means the board provided for in section 2 to administer the retirement system.
(5) "Retirement system" means the state employees' retirement system created by section 2.
History: Add. 1995, Act 176, Imd. Eff. Oct. 17, 1995
Notes of Decisions
Cited in
2
cases, 2001–2002 · leading case:
Stone v. State, 638 N.W.2d 417 (Mich. Ct. App. 2001).
Stone v. State, 638 N.W.2d 417 (Mich. Ct. App. 2001).
· cites it 2× “NOTES [1] MCL 38.40(1). [2] See 1996 P.A. 487.”
Stone v. State, 651 N.W.2d 64 (Mich. 2002).
“2 A “retirant,” as defined by MCL 38.1h(2), is “a person who has ceased to be a member of the retirement system by reason of retirement with a pension or retirement allowance payable from the funds of the retirement system.”
— Mich. Comp. Laws § 38.1h(2) — 2 cases
Stone v. State, 638 N.W.2d 417 (Mich. Ct. App. 2001).
“NOTES [1] MCL 38.40(1). [2] See 1996 P.A. 487.”
Stone v. State, 651 N.W.2d 64 (Mich. 2002).
“2 A “retirant,” as defined by MCL 38.1h(2), is “a person who has ceased to be a member of the retirement system by reason of retirement with a pension or retirement allowance payable from the funds of the retirement system.”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.