Bill Text: MI HB4194 | 2009-2010 | 95th Legislature | Engrossed

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Retirement; legislative; retirement health care benefits for legislators; eliminate. Amends sec. 75 of 1957 PA 261 (MCL 38.1075). TIE BAR WITH: SB 0132'09

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2010-02-24 - Laid Over One Day Under The Rules [HB4194 Detail]

Download: Michigan-2009-HB4194-Engrossed.html

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HB-4194, As Passed House, February 2, 2010

 

 

 

 

 

 

 

 

 

 

 

SUBSTITUTE FOR

 

HOUSE BILL NO. 4194

 

 

 

 

 

 

 

 

 

     A bill to amend 1957 PA 261, entitled

 

"Michigan legislative retirement system act,"

 

by amending section 75 (MCL 38.1075), as amended by 1998 PA 501.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 75. (1) A qualified participant is immediately 100%

 

vested in his or her contributions made to Tier 2. A qualified

 

participant shall vest in the employer contributions made on his or

 

her behalf to Tier 2 according to the following schedule:

 

     (a) Upon completion of 2 years of service, 50%.

 

     (b) Upon completion of 3 years of service, 75%.

 

     (c) Upon completion of 4 years of service, 100%.

 

     (2) A qualified participant is vested in the health insurance

 

coverage provided in section 79 if the qualified participant meets

 

1 of the following requirements:

 

     (a) The qualified participant was elected to the legislature

 

before November 1, 2010, has completed 6 years of service as a

 

qualified participant, and was not a member, deferred vested

 

member, or former nonvested member of Tier 1.

 

     (b) The qualified participant was a member, deferred vested

 

member, or former nonvested member of Tier 1 who made an election

 

to participate in Tier 2 pursuant to section 61, and who has met

 

the service requirements he or she would have been required to meet

 

in order to vest in health benefits under section 50b.

 

     (c) The qualified participant meets all of the following

 

requirements:

 

     (i) Was not a member, deferred vested member, or former

 

nonvested member of Tier 1.

 

     (ii) Was first elected to fill a vacancy in the house of

 

representatives for a period less than the full term but more than

 

1/2 of the term of office.

 

     (iii) Has completed 5 years of service as a qualified

 

participant.

 

     (iv) Was elected to the legislature before November 1, 2010.