| Plan Doc.pdf |
Plan Document |
| Summary of Changes |
Summary of Changes 2002 - to date |
|
ARTICLE 1. GENERAL PROVISIONS |
| Section 1 |
Short Title [MCL 38.1501] |
| Section 2 |
Meaning of Words and Phrases [MCL 38.1502] |
| Section 2A |
Definitions; A through L [MCL 38.1502a.] |
| Section 2B |
Definitions; M through O [MCL 38.1502b.] |
| Section 2C |
Definitions; P through Z [MCL 38.1502c.] |
| Section 3 |
Membership |
|
ARTICLE II. SERVICE CREDIT |
| Section 4 |
Credited Service; Forfeiture; Reinstatement |
| Section 5 |
Combining Credited Service |
| Section 6 |
Credit for Certain Qualifying Governmental Service; Conditions; Crediting Payment under Subsection (1) (c) |
| Section 7 |
Generic Credited Service: Election to Purchase Not More than 5 Years of Credited Service |
| Section 8 |
Election to Come Under Reciprocal Retirement Act |
| Section 9 |
Credited Service for Periods of Active Duty; Conditions |
|
ARTICLE III. RETIREMENT REQUIREMENTS AND BENEFIT PROGRAM |
| Section 10 |
Retirement; Requirements; Allowance; Benefit Programs |
| Section 11 |
Adoption for Temporary Period of Benefit Programs or Combination of Benefit Programs; Contents of Resolution or Administrative Order; Retirement Under Section 10 During Temporary Period; Limitation |
| Section 12 |
Vested Former Member; Requirements |
| Section 13 |
Benefit Program A; Retirement Allowance |
| Section 14 |
Benefit Program B; Retirement Allowance |
| Section 15 |
Benefit Program B-1; Retirement Allowance |
| Section 16 |
Benefit Program B-2; Retirement Allowance |
| Section 16A |
Benefit Program B-3; Retirement Allowance |
| Section 16B |
Amount of Retirement Allowance Under Benefit Program B-4 |
| Section 17 |
Benefit Program C-New and C-Old; Retirement Allowance |
| Section 18 |
Benefit Program C-1 New and C-1 Old; Retirement Allowance |
| Section 19 |
Benefit Program C-2; Adoption; Retirement Allowance |
| Section 19A |
Restated Benefit Program DC; Adoption; Contributions; Distribution |
| Section 19B |
Benefit Program H; Adoption; Contributions; Distribution |
| Section 20 |
Benefit Program E; Adoption or Readoption; Effective Date; Adjustment Date; Adjustment Factor; Prohibition |
| Section 21 |
Benefit Program E-1; Adoption or Readoption; Effective Date; Applicability; Adjustment Dates; Maximum Cumulative Adjustment Limitation; Base Amount of Retirement Allowance; Adjustment Factor
|
| Section 22 |
Benefit Program E-2; Adoption; Effective Date; Applicability; Adjustment Dates; Maximum Cumulative Adjustment Limitation; Base Amount of Retirement Allowance; Adjustment Factor
|
| Section 23 |
Forms of Payment; Election; Naming of Survivor Beneficiary; Failure to Make Timely Election; Amount of Retirement Allowance; Election if Member Married at Retirement Allowance Effective Date; Signature of Spouse; Effect on Election if Retirant Divorced From Spouse Named as Survivor Beneficiary
|
| Section 23A |
Adoption of Benefit Program RS50%; Specifying Effective Date of Change in Coverage; Duration and Amount of Payment to Surviving Spouse; "Surviving Spouse" Defined |
| Section 23B |
Adoption of Benefit Program PRO (Post-Retirement Option); Changing
Form of Payment or Survivor Beneficiary Designation after Retirement; Effective
July 1, 2009. |
| Section 24 |
Retirement of Incapacitated Member; Conditions; Medical Examinations; Effective Date of Disability Retirement; Amount of Disability Retirement Allowance; Exceptions |
| Section 25 |
Disability Retirant Under Age 60; Periodic Medical Examination; Suspension, Revocation, or Discontinuance of Disability Pension; Conditions to Restoration of Terminated Disability Retirant's Actual Credited Service; Service Not Credited for Period of Disability; Terminated Disability Retirant as Vested Former Member
|
| Section 26 |
Conditions to Payment of Retirement Allowance for Life to Surviving Spouse; Commencement and Amount of Payment; Conditions to Payment of Retirement Allowance to Surviving Child, Restriction; Termination and Amount of Surviving Child's Retirement Allowance; Presumptions
|
| Section 27 |
Death Resulting From Injury or Disease Arising Out of and in Course of Duty; Additional Provision Applicable to Section 26
|
| Section 27A |
Remarriage of Surviving Spouse |
| Section 28 |
Contingent Survivor Beneficiary |
| Section 29 |
Provisions Applicable During Period Between Effective Date of Disability Retirement Allowance and Date Disability Retirant Attains Age 60 or Where Adopted by Resolution, the Age for Age and Service Retirement.
|
| Section 30 |
Commencement, Termination, and Change in Retirement Allowance
|
| Section 31 |
Employment by Participating Municipality or Court; Special Conditions |
|
ARTICLE IV. CONTRIBUTIONS |
| Section 32 |
Contribution Programs |
| Section 33 |
Contribution Program P |
| Section 34 |
Difference Between Retirant's Accumulated Contributions and Aggregate Amount of Retirement Allowance Payments Made; Payment |
| Section 35 |
Payment of Accumulated Contributions |
|
ARTICLE V. RETIREMENT BOARD ADMINISTRATION |
| Section 36 |
Retirement Board; Creation; Board as Public Corporation; Powers and Duties; Administrative Functions; Membership; Rules of Procedure; Record of Proceedings; Quorum; Voting; Term of Office; Oath; Expenses; Absence of Member From Work; Vacancy; Chairperson and Chairperson Pro tem; Executive Director [MCL 38.1536]
|
| Section 36A |
Denial of Benefits; Hearing Process; Appeal to Retirement Board |
| Section 36B |
Indemnification |
| Section 37 |
Audit Report |
| Section 38 |
Experience Tables; Data and Information; Actuarial Operation and Investigations
|
| Section 39 |
Retirement Board as Trustee of Money and Other Assets; Investments; Investments Counsel; Purpose of Investments; Discretionary Authority [MCL 38.1539]
|
| Section 40 |
Prohibited Conduct [MCL 38.1540] |
| Section 41 |
Election to Become Participating Municipality; Vote; Specifying Effective Date of Participation and Applicable Benefit and Contribution Programs; Establishment of Benefit and Contribution Program Coverage Classifications; Certifications of Participation; Conditions to Participation.
|
| Section 41A |
Election to Become Participating Court; Administrative Order; Resolution; Specifying Effective Date of Participation and Applicable Benefit and Contribution Programs; Classifications; Certification of Participation; Conditions to Participation.
|
| Section 42 |
Actuarial Determination of Contribution Requirements |
| Section 43 |
Election to Change Benefit Contribution Programs; Vote; Specifying Effective Date of Change in Coverage and Applicable Benefit and Contribution Programs; Coverage Classification and Certification Conditions; Accrued Benefit Not Reduced by Change; Certification of Determination; Actuarial Determination of Contribution Requirements
|
| Section 43A |
Election of Participating Court to Change Benefit and Contribution Programs; Administrative Order; Resolution; Specifying Effective Date of Change in Coverage and Applicable Benefit and Contribution Programs; Coverage Classification and Certification Conditions; Accrued Benefit Not Reduced By Change; Certification of Determination; Actuarial Determination of Contribution Requirements
|
| Section 43B |
Collective Bargaining Agreements; Benefit Modifications; Extension of Modified Benefits to Non-bargaining Groups |
| Section 43C |
Benefit Adoption Eligibility Requirements Effective July 1, 2006 |
| Section 44 |
Election to Terminate Participation; Vote; Certification of Determination; Effective Date of Termination of Participation; Effect of Termination; Disposition of Balance in Reserve
|
| Section 44A |
Election of Participating Court to Terminate Participation; Vote, Certification of Determination; Effective Date of Termination of Participation; Effect of Termination; Disposition of Balance in Reserve
|
| Section 45 |
Annual Meeting; Selection of Members to Retirement Board; Transaction of Business; Notice of Meeting; Certification of Delegates; Conduct of Election; Nominating Procedures; Referendum [MCL 38.1545]
|
|
ARTICLE VI. FUNDING AND RESERVES |
| Section 45A |
Funding Objective of Retirement System; Contribution Requirement; Notice and Payment of Contribution Obligation; Interest and Penalty Charge
|
| Section 46 |
Reserve for Employee Contributions; Subaccounts; Deduction of Contributions from Compensation of Member; Consent and Agreement to Deduction; Discharge and Acquittance of Claims and Demands; Certification of Compensation Paid; Payment of Aggregate Amount of Contributions to Retirement System; Remittance of Member Contributions; Interest and Penalty Charge
|
| Section 46A |
Reserve for Defined Contribution Plan |
| Section 46B |
Transfers of Excess Assets to Reserve for Defined Contribution Plan |
| Section 47 |
Reserve For Employer Contributions and Benefit Payments; Subaccounts |
| Section 48 |
Reserve For Retired Benefit Payments; Subaccounts |
| Section 49 |
Reserve for Excess Casualty Experience; Transfers; Stop Loss Program |
| Section 50 |
Reserve for Expenses and Undistributed Income; Transfer; Contingency Reserves |
| Section 51 |
Expenses for Administration of Retirement System; Payment |
| Section 52 |
Allocation of Undistributed Investment Income |
|
ARTICLE VII. MISCELLANEOUS |
| Section 53 |
Rights Neither Subject to Process of Law Nor Assignable; Exceptions; Limitation; Right of Setoff; Transfers of Money and Assets to Another Retirement System |
| Section 54 |
Corrections of Errors in Records; Recovery of Overpayments; Making up Underpayments |
| Section 55 |
Intent; Retirement System as Qualified Pension Plan and Trust as Exempt Organization; Administration; Employer-financed Benefit Limitations; Annual Adjustment; Use and Investment of Assets; Return of Post-Tax Member Contributions; Beginning Date of Distributions; Termination of Participation in Retirement System; Election to Rollover to Retirement Plan; Interest Rate; Compliance with Section 415 of Internal Revenue Code and Regulations.
|
| Section 55A |
Qualified Excess Benefit Arrangement |
| Section 56 |
Severability |
| Section 57 |
Repeal |
|
ARTICLE VII. ESTABLISHMENT OF 401(h) ACCOUNT
FOR MERS PARTICIPATING EMPLOYERS |
| Section 60 |
Authorization and Establishment |
| Section 61 |
Defined Terms |
| Section 62 |
Section 401(h) Account Participation |
| Section 63 |
Mandatory Terms |
| Section 64 |
Optional Terms |
|
APPENDIX |
| A |
Procedure for Review of Formal Requests for Changes to MERS Plan Document |
| B |
Former Section 38.1506 |
| C |
Former Section 38.1509 |
| D-1 |
Former Section 19A (as in effect prior to 9/19/06) |
| D-2 |
Former Section 19A (as in effect 9/19/06 to 9/14/09) |
| D-3 |
Former Section 19A (as in effect 9/15/09 to 5/11/10) |
