Section 38.1066 - "Qualified participant,""refund beneficiary," and "state treasurer" defined(1) "Qualified participant" means an individual who is a participant of Tier 2 and who meets 1 of the following requirements: (a) An individual who first becomes a legislator or lieutenant governor on or after March 31, 1997, and who before March 31, 1997 would have been eligible to be a member of Tier 1.(b) An individual who elects to terminate membership in Tier 1 and who elects to participate in Tier 2 in the manner prescribed in section 61.(2) "Refund beneficiary" means an individual nominated by a qualified participant or a former qualified participant under section 77 to receive a distribution of the participant's accumulated balance in the manner prescribed in section 78.(3) "State treasurer" means the treasurer of this state.Add. 1996, Act 486, Eff. 3/31/1997.