Act
Protecting local government retirement and benefits act
- Mich. Comp. Laws § 38.2801— Short title
- Mich. Comp. Laws § 38.2802— Legislature findings and declarations
- Mich. Comp. Laws § 38.2803— Definitions
- Mich. Comp. Laws § 38.2804— Retirement health benefit offered by local unit of government; requirements; "summary retiree health care report" defined
- Mich. Comp. Laws § 38.2805— State treasurer; establishment of uniform actuarial assumptions of retirement systems; evaluation system; review and oversight of underfunded local unit of government; determination; calculation of funded ratios by local governmental unit; report; posting on website
- Mich. Comp. Laws § 38.2806— Underfunded status; waiver; duties of state treasurer if local unit of government not granted waiver
- Mich. Comp. Laws § 38.2807— Municipal stability board; creation; powers, duties, and functions; membership; appointment by governor; qualifications; terms; vacancy; chairperson; quorum; meetings; bylaws; contract for professional services; travel and expenses; ethics policy; oath of office; "professional services" defined
- Mich. Comp. Laws § 38.2808— Development of corrective action plan; list of best practices and strategies
- Mich. Comp. Laws § 38.2809— Corrective action plan; development and submission for approval
- Mich. Comp. Laws § 38.2810— Corrective action plan; review and approval by board; inclusion of corrective options and additional solutions; disapproval; notification and report; implementation of plan; monitor and certification of compliance; contents of plan
- Mich. Comp. Laws § 38.2812— Board as state board; members as state officers; presumption of validity; court jurisdiction; department of treasury as party