Retirement: state police; naming a special needs trust as beneficiary; allow. Amends sec. 24 of 1986 PA 182 (MCL 38.1624).
Retirement: public school employees; naming a special needs trust as beneficiary; allow. Amends sec. 85 of 1980 PA 300 (MCL 38.1385).
Retirement: public school employees; effect of election of retirant's divorce from spouse designated as beneficiary; modify. Amends sec. 85 of 1980 PA 300 (MCL 38.1385).
Retirement: state employees; naming a special needs trust as beneficiary; allow. Amends sec. 31 of 1943 PA 240 (MCL 38.31).
Retirement: state employees; annual retirement allowance increase; eliminate cap. Amends sec. 20g of 1943 PA 240 (MCL 38.20g).
Retirement: state employees; annual retirement allowance increase; eliminate cap. Amends sec. 20g of 1943 PA 240 (MCL 38.20g).
Retirement: county employees; employment of retirant in a county sheriff’s office; allow without forfeiting retirement allowance. Amends sec. 12a of 1851 PA 156 (MCL 46.12a).
Enacting the countries of concern divestment act, increasing the statutory alternative investment percentage limitation for the KPERS trust fund, increasing the amount of KPERS retirant compensation subject to the statutory employer contribution rate to the first $40,000 earned in a calendar year, providing a KPERS working after retirement exemption for retirants employed by a community developmental disability organization or a community service provider in a licensed professional nurse, licensed practical nurse or direct support position and increasing the working after retirement earnings limit for members of the Kansas police and firemen's retirement system.