Current through Public Act 156 of the 2024 Legislative Session
Section 38.1308 - Definitions; S, T(1) "Service" means personal service performed as a public school employee or creditable under this act.(2) "Simple interest" means interest at 1 or more rates per annum determined by the retirement board.(3) "State of Michigan service" means service performed as a state employee in the classified or unclassified service under the state employees' retirement act, 1943 PA 240, MCL 38.1 to 38.69.(4) "Teacher" means a person employed by a reporting unit who is engaged in teaching, who is engaged in administering and supervising teaching, or who is under a teacher's contract with a reporting unit.(5) "Tier 1" means the retirement plan available to a member under this act.(6) "Tier 2" means the state of Michigan 457 plan established under section 457 of the internal revenue code, 26 USC 457, for elective employee contributions and the state of Michigan 401(k) plan established under section 401(k) of the internal revenue code, 26 USC 401, for employer contributions.(7) "Transition date" means the first day of the pay period that begins on or after February 1, 2013 for the applicable member. The retirement system shall determine a method of determining service credit, compensation, and any applicable contributions for purposes of implementing provisions of this act that refer to the transition date.(8) "Transitional public employment program" means participation in public service employment programs in the areas of environmental quality, health care, education, public safety, crime prevention and control, prison rehabilitation, transportation, recreation, maintenance of parks, streets, and other public facilities, solid waste removal, pollution control, housing and neighborhood improvements, rural development, conservation, beautification, veterans' outreach, and other fields of human betterment and community improvement as part of a program of comprehensive manpower services authorized, undertaken, and financed under the comprehensive employment and training act of 1973, former Public Law 93-203, 87 Stat. 839.Amended by 2012, Act 359,s 1, eff. 12/14/2012.Amended by 2012, Act 300,s 3, eff. 9/4/2012.1980, Act 300, Imd. Eff. 10/31/1980 ;--Am. 1996, Act 488, Eff. 3/31/1997 ;--Am. 1997, Act 143, Imd. Eff. 11/19/1997.