Michigan Legislative Retirement System Act (Excerpt) Act 261 Of 1957


Published: 2015

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MICHIGAN LEGISLATIVE RETIREMENT SYSTEM ACT (EXCERPT)
Act 261 of 1957

38.1009 “Salary” defined.

Sec. 9.

(1) “Salary” means the compensation, common to all legislators, exclusive of travel allowance, paid by the state for 1 year of service as a legislator. A member shall contribute to the retirement system based on the percentage applied to that salary.

(2) For purposes of section 23, salary also includes an additional 2% through December 30, 1986, and 4% beginning December 31, 1986, compounded annually and added for each year or portion of a year that expires after the member terminates service and before the member retires, of the member's greatest salary determined pursuant to subsection (1) received in 1 calendar year. This subsection only applies to a member who first becomes a member on or before January 1, 1995, and whose service terminates on or after December 1, 1978.

(3) For purposes of section 23, for a member who left service before December 1, 1978, salary also includes an additional 2% for each year beginning January 1, 1979 through December 30, 1986 and 4% beginning December 31, 1986, compounded annually and added for each year or portion of a year that expires after the member terminates service and before the member retires, of the member's greatest salary determined pursuant to subsection (1) received in 1 calendar year.

(4) For purposes of section 23, salary also includes an amount equal to the greatest amount of additional compensation received in 1 calendar year as a result of being in a leadership position, divided by 5, and then multiplied by the number of years or portion of a year, not to exceed 8, in which the member was in a leadership position and received additional compensation. Before a member who first becomes a member on or before January 1, 1995, may have the additional compensation included in salary under this subsection, the member shall pay to the retirement system a sum equal to 9% of the total additional compensation received. Before a member who first becomes a member after January 1, 1995, may have the additional compensation included in salary under this subsection, the member shall pay to the retirement system a sum equal to 7% of the total additional compensation received.


History: 1957, Act 261, Eff. Sept. 27, 1957

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Am. 1968, Act 229, Eff. July 1, 1968

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Am. 1970, Act 237, Eff. Jan. 1, 1971

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Am. 1974, Act 215, Eff. Dec. 31, 1974

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Am. 1978, Act 560, Imd. Eff. Dec. 27, 1978

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Am. 1981, Act 123, Imd. Eff. July 23, 1981

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Am. 1987, Act 58, Imd. Eff. June 23, 1987

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Am. 1988, Act 512, Imd. Eff. Dec. 29, 1988

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Am. 1994, Act 359, Eff. Dec. 31, 1994

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Am. 1998, Act 501, Imd. Eff. Jan. 5, 1999

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Am. 2002, Act 97, Imd. Eff. Mar. 27, 2002

© 2015 Legislative Council, State of Michigan