reglab/housing_qa huggingface dataset:
MI Comp L § 38.2204 (2021)
2021 Michigan Compiled Laws|Chapter 38 - Civil Service and Retirement|Act 234 of 1992 - The Judges Retirement Act of 1992 (38.2101 - 38.2670)|Article II - (38.2201...38.2217)|Section 38.2204 - Retirement Board; Duties Pursuant to MCL 16.101 to 16.608; Rules; Conducting Business at Public Meeting; Writings Available to Public.

38.2204 Retirement board; duties pursuant to MCL 16.101 to 16.608; rules; conducting business at public meeting; writings available to public. Sec. 204.  (1) The retirement board has the rights, authority, and discretion in the proper discharge of retirement board duties pursuant to the executive organization act of 1965, Act No. 380 of the Public Acts of 1965, being sections 16.101 to 16.608 of the Michigan Compiled Laws.  (2) The retirement board may promulgate rules pursuant to the administrative procedures act of 1969, Act No. 306 of the Public Acts of 1969, being sections 24.201 to 24.328 of the Michigan Compiled Laws, for the implementation and administration of this act.  (3) The retirement board shall conduct its business at a public meeting of the retirement board held in compliance with the open meetings act, Act No. 267 of the Public Acts of 1976, being sections 15.261 to 15.275 of the Michigan Compiled Laws. The retirement board shall give public notice of a time, date, and place of a meeting of the retirement board in the manner required by Act No. 267 of the Public Acts of 1976.  (4) The retirement board shall make a writing prepared, owned, used, in the possession of, or retained by the retirement board in the performance of an official function available to the public in compliance with the freedom of information act, Act No. 442 of the Public Acts of 1976, being sections 15.231 to 15.246 of the Michigan Compiled Laws. History: 1992, Act 234, Eff. Mar. 31, 1993
MI Comp L § 38.2205 (2021)
2021 Michigan Compiled Laws|Chapter 38 - Civil Service and Retirement|Act 234 of 1992 - The Judges Retirement Act of 1992 (38.2101 - 38.2670)|Article II - (38.2201...38.2217)|Section 38.2205 - Management Functions; Director of Bureau of Retirement Systems as Executive Secretary; Employees.

38.2205 Management functions; director of bureau of retirement systems as executive secretary; employees. Sec. 205.  The department shall be responsible for the budgeting, procurement, and related management functions of the retirement system. The director of the bureau of retirement systems in the department is the executive secretary of the retirement system. The executive secretary, with department approval, shall employ the services of an actuary and, subject to rules of the civil service commission, shall employ medical advisers, clerical, technical, and administrative employees the executive secretary considers necessary for the proper operation of the retirement system.  History: 1992, Act 234, Eff. Mar. 31, 1993
MI Comp L § 38.2206 (2021)
2021 Michigan Compiled Laws|Chapter 38 - Civil Service and Retirement|Act 234 of 1992 - The Judges Retirement Act of 1992 (38.2101 - 38.2670)|Article II - (38.2201...38.2217)|Section 38.2206 - State Treasurer as Treasurer of Retirement System; Authority; Duties.

38.2206 State treasurer as treasurer of retirement system; authority; duties. Sec. 206.  (1) The state treasurer is the treasurer of the retirement system. The state treasurer has investment authority, including the custodianship of the funds of the retirement system, and has fiduciary responsibility with regard to the investment of funds of the retirement system. The state treasurer shall invest the funds of the retirement system in compliance with Act No. 314 of the Public Acts of 1965, being sections 38.1132 to 38.1140i of the Michigan Compiled Laws.   (2) The state treasurer shall deposit the funds of the retirement system in the same manner and subject to the laws governing the deposit of state funds by the state treasurer. The state treasurer shall credit income earned by the retirement system's reserves to the respective reserves under this act that earn the income as provided in section 213. History: 1992, Act 234, Eff. Mar. 31, 1993
MI Comp L § 38.2207 (2021)
2021 Michigan Compiled Laws|Chapter 38 - Civil Service and Retirement|Act 234 of 1992 - The Judges Retirement Act of 1992 (38.2101 - 38.2670)|Article II - (38.2201...38.2217)|Section 38.2207 - Attorney General as Retirement Board Attorney.

38.2207 Attorney general as retirement board attorney. Sec. 207.  The attorney general is the legal adviser to the retirement board and shall act as the retirement board's attorney. The attorney general shall represent the retirement board in all litigation to which the retirement board is a party. History: 1992, Act 234, Eff. Mar. 31, 1993
MI Comp L § 38.2208 (2021)
2021 Michigan Compiled Laws|Chapter 38 - Civil Service and Retirement|Act 234 of 1992 - The Judges Retirement Act of 1992 (38.2101 - 38.2670)|Article II - (38.2201...38.2217)|Section 38.2208 - Administration of Retirement System.

38.2208 Administration of retirement system.  Sec. 208.  The retirement system shall draw its warrants upon the state treasury, payable out of funds of the retirement system, for the payment of retirement allowances, accumulated contributions, and the payment of salaries and other expenses necessary in the administration of the retirement system. History: 1992, Act 234, Eff. Mar. 31, 1993
MI Comp L § 38.2209 (2021)
2021 Michigan Compiled Laws|Chapter 38 - Civil Service and Retirement|Act 234 of 1992 - The Judges Retirement Act of 1992 (38.2101 - 38.2670)|Article II - (38.2201...38.2217)|Section 38.2209 - Annual Report.

38.2209 Annual report. Sec. 209.  The retirement system shall prepare an annual report for each fiscal year. The annual report shall contain information regarding the financial, actuarial, and other activities of the retirement system during the fiscal year. The retirement system shall furnish a copy of the annual report to the governor, the legislature, each retirant, and each retirement allowance beneficiary, and to a member, vested former member, or any other person upon request. History: 1992, Act 234, Eff. Mar. 31, 1993
MI Comp L § 38.2210 (2021)
2021 Michigan Compiled Laws|Chapter 38 - Civil Service and Retirement|Act 234 of 1992 - The Judges Retirement Act of 1992 (38.2101 - 38.2670)|Article II - (38.2201...38.2217)|Section 38.2210 - Reserve for Member Contributions.

38.2210 Reserve for member contributions.  Sec. 210.  The reserve for member contributions is created. The retirement system shall deposit contributions from the compensation of members, and other member payments as provided in this act, except member contributions for health benefits as provided in section 305, in the reserve for member contributions. The retirement system shall provide for the maintenance of an individual account for each member showing the amount of the member's accumulated contributions. Except as provided in section 212, the retirement system shall pay accumulated contributions as provided in this act from the reserve for member contributions. If a person ceases to be a member, any unclaimed balance of accumulated contributions remain in the reserve for member contributions. If a member's accumulated contributions are forfeited by the member, as provided in this act, the retirement system shall transfer the forfeited accumulated contributions from the reserve for member contributions to the reserve for investment income. Upon the retirement of a member, the retirement system shall transfer the accumulated contributions of the member from the reserve for member contributions to the reserve for retirement benefits. History: 1992, Act 234, Eff. Mar. 31, 1993
MI Comp L § 38.2211 (2021)
2021 Michigan Compiled Laws|Chapter 38 - Civil Service and Retirement|Act 234 of 1992 - The Judges Retirement Act of 1992 (38.2101 - 38.2670)|Article II - (38.2201...38.2217)|Section 38.2211 - Reserve for Employer Contributions.

38.2211 Reserve for employer contributions.  Sec. 211.  The reserve for employer contributions is created. The retirement system shall credit to the reserve for employer contributions all court fees, late fees, and interest payments received pursuant to section 304; state appropriations received pursuant to section 302; and employer contributions received under section 303. The retirement system shall credit to the reserve for employer contributions any residual balance remaining in the reserve for investment income after crediting interest to the reserves created by this act and after satisfying any other requirements under this act. The retirement system shall transfer money into or out of the reserve for employer contributions as provided in section 212. History: 1992, Act 234, Eff. Mar. 31, 1993
MI Comp L § 38.2212 (2021)
2021 Michigan Compiled Laws|Chapter 38 - Civil Service and Retirement|Act 234 of 1992 - The Judges Retirement Act of 1992 (38.2101 - 38.2670)|Article II - (38.2201...38.2217)|Section 38.2212 - Reserve for Retirement Benefits.

38.2212 Reserve for retirement benefits.  Sec. 212.  The reserve for retirement benefits is created. The retirement system shall pay all retirement allowances and residual accumulated contributions of deceased retirees from the reserve for retirement benefits. The retirement system shall credit to the reserve for retirement benefits a member's accumulated contributions at the time of retirement as provided in section 210. Each year following receipt of the annual actuarial valuation, the retirement system shall bring the balance in the reserve for retirement benefits into balance with the actuarial present value of retirement allowances in payment status by a transfer to or from the reserve for employer contributions. The actuary shall take into account the pending transfer when preparing the annual actuarial valuation. History: 1992, Act 234, Eff. Mar. 31, 1993
MI Comp L § 38.2213 (2021)
2021 Michigan Compiled Laws|Chapter 38 - Civil Service and Retirement|Act 234 of 1992 - The Judges Retirement Act of 1992 (38.2101 - 38.2670)|Article II - (38.2201...38.2217)|Section 38.2213 - Reserve for Investment Income.

38.2213 Reserve for investment income. Sec. 213.  (1) The reserve for investment income is created. The state treasurer shall credit to the reserve for investment income all interest, dividends, and other income from the investment of retirement system assets except for those of the reserve for health benefits created under section 214. The retirement system shall credit to the reserve for investment income all gifts and bequests to the retirement system; all forfeited contributions received pursuant to section 210; a surplus in any reserve created by this act except for those of the reserve for health benefits created under section 214; and all other money for which there is no specific disposition provided.  (2) Except as otherwise provided in this subsection, the retirement system shall annually credit interest on the preceding year balances in the reserve for member contributions, reserve for employer contributions, and the reserve for retirement benefits. However, the retirement system shall begin to calculate interest on member contributions made within a calendar year on the first day of the calendar year following the contribution and shall credit the interest on member contributions at the end of the calendar year. The retirement system shall charge the reserve for investment income the interest credited to the reserves under this subsection.  (3) The retirement system shall pay the expenses for the administration of the retirement system, exclusive of amounts payable as retirement allowances and other benefits provided in this act, from the reserve for investment income. History: 1992, Act 234, Eff. Mar. 31, 1993 ;-- Am. 2002, Act 95, Imd. Eff. Mar. 27, 2002
MI Comp L § 38.2214 (2021)
2021 Michigan Compiled Laws|Chapter 38 - Civil Service and Retirement|Act 234 of 1992 - The Judges Retirement Act of 1992 (38.2101 - 38.2670)|Article II - (38.2201...38.2217)|Section 38.2214 - Reserve for Health Benefits.

38.2214 Reserve for health benefits. Sec. 214.  The reserve for health benefits is created. The retirement system shall deposit into the reserve for health benefits the member contributions for health benefits required by section 305(1)(a), amounts transferred pursuant to section 217(1), and accumulated earnings on these amounts and contributions. The retirement system shall disburse from the reserve for health benefits the premiums for hospital and medical-surgical and sick care benefits as required by sections 509 and 719. History: 1992, Act 234, Eff. Mar. 31, 1993 ;-- Am. 1996, Act 523, Eff. Mar. 31, 1997 ;-- Am. 2002, Act 95, Imd. Eff. Mar. 27, 2002
MI Comp L § 38.2215 (2021)
2021 Michigan Compiled Laws|Chapter 38 - Civil Service and Retirement|Act 234 of 1992 - The Judges Retirement Act of 1992 (38.2101 - 38.2670)|Article II - (38.2201...38.2217)|Section 38.2215 - Determination of Actuarial Cost; Establishing Method; Calculation.

38.2215 Determination of actuarial cost; establishing method; calculation. Sec. 215.  The retirement board and the department shall establish the method of determining the actuarial cost. The actuary shall calculate the actuarial cost based upon the product of the following elements:  (a) A percentage that when multiplied by a member's compensation results in the average actuarial present value of the additional benefits resulting from the crediting of 1 additional year of service. The percentage may vary because of the member's age, credited service, or plan member classification or the retirement allowance beneficiary's age.  (b) A member's compensation.  (c) The number of years and fraction of a year of service a member elects to purchase up to the maximum, if any. History: 1992, Act 234, Eff. Mar. 31, 1993
MI Comp L § 38.2216 (2021)
2021 Michigan Compiled Laws|Chapter 38 - Civil Service and Retirement|Act 234 of 1992 - The Judges Retirement Act of 1992 (38.2101 - 38.2670)|Article II - (38.2201...38.2217)|Section 38.2216 - Compliance With Reciprocal Retirement Act.

38.2216 Compliance with reciprocal retirement act. Sec. 216.  The retirement system shall comply with the reciprocal retirement act, 1961 PA 88, MCL 38.1101 to 38.1106, if a resolution electing to come under the provisions of the reciprocal retirement act, 1961 PA 88, MCL 38.1101 to 38.1106, is in effect. History: 1992, Act 234, Eff. Mar. 31, 1993 ;-- Am. 2002, Act 95, Imd. Eff. Mar. 27, 2002
MI Comp L § 38.2217 (2021)
2021 Michigan Compiled Laws|Chapter 38 - Civil Service and Retirement|Act 234 of 1992 - The Judges Retirement Act of 1992 (38.2101 - 38.2670)|Article II - (38.2201...38.2217)|Section 38.2217 - Court Fee Fund; Applicability of Section.

38.2217 Court fee fund; applicability of section. Sec. 217.  (1) A court fee fund is created in the state treasury. The state treasurer shall deposit into the court fee fund all money received from the executive secretary pursuant to section 304(4). The state treasurer shall, if funds remain in the court fee fund after the transfer described in subsection (3), transmit a portion of the money in the court fee fund, not exceeding $2,200,000.00 in any fiscal year, to the court equity fund created by section 151b of the revised judicature act of 1961, 1961 PA 236, MCL 600.151b. If the court fee fund exceeds $2,200,000.00 in any fiscal year and $2,200,000.00 is transmitted to the court equity fund, an amount may be appropriated from the court fee fund for operational expenses of trial courts. Operational expenses may include the payment of salaries of trial court judges other than judges of the district court. Any money remaining in the court fee fund at the end of the fiscal year shall remain in the court fee fund and shall not revert to the general fund.  (2) Notwithstanding any other provision of this act, if the retirement board establishes an arrangement and fund described in section 6 of the public employee retirement benefit preservation act, the benefits that are required to be paid from that fund shall, to the extent permitted by applicable law, be paid from a portion of the money in the court fee fund and any earnings on those amounts or other eligible funds. The retirement board shall determine the amount of the employer contributions or other eligible funds that shall be allocated to that fund and deposit that amount in that fund.  (3) The state treasurer shall, if funds remain in the court fee fund after the transfer described in subsection (2), transmit a portion of the money in the court fee fund and any earnings on those amounts to the reserve for health benefits created by section 214 to pay expected health care costs for the subsequent fiscal year that are not covered as a result of employee contributions under sections 305(1) and 714(6), and to pay, in an amount not to exceed $100,000.00 in each fiscal year, any health care costs not paid from the reserve for health benefits since fiscal year 1996-1997.  (4) This section applies unless the department receives notification from the United States internal revenue service that this section will cause the retirement system to be disqualified for tax purposes under the internal revenue code. History: 1992, Act 234, Eff. Mar. 31, 1993 ;-- Am. 1996, Act 525, Imd. Eff. Jan. 13, 1997 ;-- Am. 1998, Act 99, Imd. Eff. May 28, 1998 ;-- Am. 2002, Act 95, Imd. Eff. Mar. 27, 2002 Compiler's Notes: In subsection (2), the reference to the “public employee retirement benefit preservation act” evidently should be a reference to the “public employee retirement benefit protection act,” (MCL 38.1681 et seq.).
MI Comp L § 38.2301 (2021)
2021 Michigan Compiled Laws|Chapter 38 - Civil Service and Retirement|Act 234 of 1992 - The Judges Retirement Act of 1992 (38.2101 - 38.2670)|Article III - (38.2301...38.2308)|Section 38.2301 - Actuary; Duties.

38.2301 Actuary; duties. Sec. 301.  (1) The retirement system shall direct the actuary to do all of the following:  (a) Determine the annual level percent of payroll contribution rate to finance the benefits provided under this act by actuarial valuation pursuant to subsections (2) and (3), and upon the basis of the risk assumptions that the retirement board and the department adopt after consultation with the state treasurer and the actuary.   (b) Make an annual actuarial valuation of the retirement system in order to determine the actuarial condition of the retirement system and the required contribution to the retirement system.  (c) Make an annual actuarial gain-loss experience study of the retirement system in order to determine the financial effect of variations of actual retirement system experience from projected experience.  (2) The actuary shall compute the contribution rate for monthly benefits payable in the event of death of a member before retirement or the disability of a member using a terminal funding method of actuarial valuation.  (3) The actuary shall compute the contribution rate for benefits other than those described in subsection (2) using an individual projected benefit entry age normal actuarial cost method. The contribution rate for service that may be rendered in the current year, known as the normal cost contribution rate, is equal to the aggregate amount of individual entry age normal costs divided by l% of the aggregate amount of active members' valuation compensation. The contribution rate for unfunded service rendered on or before the last day of the fiscal year, known as the unfunded actuarial accrued liability contribution rate, is equal to the aggregate amount of unfunded actuarial accrued liabilities divided by l% of the actuarial present value over a period not to exceed 40 years of projected benefit compensation, where unfunded actuarial accrued liabilities are equal to the actuarial present value of benefits reduced by the actuarial present value of future normal costs and the actuarial value of assets on the last day of the fiscal year. History: 1992, Act 234, Eff. Mar. 31, 1993 Compiler's Notes: In subsection (3), the instances of “l%” were originally printed with the numeral “1” represented by the alphabet character “l” and evidently should read “1%.”
MI Comp L § 38.2303 (2021)
2021 Michigan Compiled Laws|Chapter 38 - Civil Service and Retirement|Act 234 of 1992 - The Judges Retirement Act of 1992 (38.2101 - 38.2670)|Article III - (38.2301...38.2308)|Section 38.2303 - Thirty-Sixth District Court; Annual Contribution; Amount; Plan 3b or 3c Member Supplemental Salary Payment.

38.2303 Thirty-sixth district court; annual contribution; amount; plan 3b or 3c member supplemental salary payment. Sec. 303.  (l) The reporting unit for the district court in the thirty-sixth district shall contribute annually to the retirement system for each member who is a judge of the thirty-sixth district court an amount equal to the product of the total annual additional salary paid to the member pursuant to section 8202 of the revised judicature act of 1961, Act No. 236 of the Public Acts of 1961, being section 600.8202 of the Michigan Compiled Laws, and the annual level percent of payroll contribution rate determined under section 301. The supreme court shall subtract the figure calculated in this subsection from the salary standardization payment paid to the reporting unit for the thirty-sixth district, prorated on the basis of the frequency with which this state makes salary standardization payments to the reporting unit.  (2) The reporting unit that pays a plan 3b member's or a plan 3c member's supplemental salary shall contribute annually to the retirement system an amount equal to the product of $2,250.00 of the state salary standardization payment and the annual level percent required to fund the retirement system. The supreme court shall subtract the figure calculated in this subsection from the salary standardization payment paid to the reporting unit that pays the judge's salary prorated on the basis of the frequency with which this state makes salary standardization payments to the reporting unit that pays the judge's supplemental salary.  History: 1992, Act 234, Eff. Mar. 31, 1993