Bill Text: MI HB5197 | 2009-2010 | 95th Legislature | Introduced
Bill Title: Retirement; state employees; early out for certain state employees; provide for. Amends 1943 PA 240 (MCL 38.1 - 38.69) by adding sec. 46a.
Spectrum: Moderate Partisan Bill (Democrat 6-1)
Status: (Introduced - Dead) 2009-08-26 - Referred To Second Reading [HB5197 Detail]
Download: Michigan-2009-HB5197-Introduced.html
HOUSE BILL No. 5197
July 14, 2009, Introduced by Reps. McDowell, Lindberg, Lahti, Sheltrown, Neumann, Calley and Nerat and referred to the Committee on Labor.
A bill to amend 1943 PA 240, entitled
"State employees' retirement act,"
(MCL 38.1 to 38.69) by adding section 46a.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 46a. (1) Beginning August 1, 2009 and continuing through
November 30, 2009, a supplemental member may retire with a
supplemental early retirement allowance as provided in this section
if the supplemental member meets both of the following conditions:
(a) He or she has a combination of age and years of service
equal to or greater than 70.
(b) Except as otherwise provided in subsection (4), on or
before November 30, 2009 or the effective date of his or her
retirement, whichever is earlier, the supplemental member files a
written request for retirement with the retirement board stating a
date not later than November 30, 2009 on which he or she wishes to
retire.
(2) The state personnel director shall determine all questions
on eligibility for early retirement benefits under this section.
(3) Upon his or her retirement as provided in this section, a
member who did not make an election under section 50 to terminate
membership in Tier 1 and became a qualified participant in Tier 2
and who is entitled to a retirement allowance under this section
shall receive a retirement allowance equal to the member's number
of years and fraction of a year of credited service multiplied by
2.0% of his or her final average compensation until the member
reaches 62 years of age. Beginning on the day the member reaches 62
years of age and continuing after that day, a member who is
entitled to a retirement allowance under this section shall receive
a retirement allowance equal to the member's number of years and
fraction of a year of credited service multiplied by 1.75% of his
or her final average compensation. Except for the calculation
provided in this subsection, the member's retirement allowance is
subject to section 20. The member's retirement allowance is not
subject to reduction pursuant to section 19(2).
(4) The director of a principal department may request that
the effective date of retirement under this section of a member
employed by that department be extended to a date not later than
December 31, 2009. To make a request under this subsection, the
director shall submit a written request and the written concurrence
of the member to the office of the state employer and the state
budget office on or before December 1, 2009. Upon receipt of the
written request and concurrence, the office of the state employer
and the state budget office may extend the effective date of
retirement of a member otherwise eligible to retire under this
section to a date not later than December 31, 2009.
