Retirement: defined benefit; duties of an investment fiduciary; modify. Amends sec. 13 of 1965 PA 314 (MCL 38.1133).
Local government: financing; investment of surplus funds of political subdivisions; modify. Amends secs. 1, 5, 7 & 7a of 1943 PA 20 (MCL 129.91 et seq.).
Children: other; rolling average amount for disbursement under the children’s trust fund; increase. Amends sec. 1 of 1982 PA 249 (MCL 21.171).
Retirement: state employees; annuity option; provide for. Amends secs. 55, 58, 63, 63a & 69 of 1943 PA 240 (MCL 38.55 et seq.).
Natural resources: trust fund; Michigan water trust fund; provide for. Amends 1994 PA 451 (MCL 324.101 - 324.90106) by adding pt. 12.
Individual income tax: credit; credit for certain investments in Michigan businesses; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.847) by adding sec. 280.
Individual income tax: retirement or pension benefits; limitations and restrictions on deductions of certain retirement or pension benefits and revenue distribution to state school aid fund; revise. Amends secs. 30 & 51 of 1967 PA 281 (MCL 206.30 & 206.51).
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).
Children: protection; the Michigan penal code; amend to reflect amendments to the public health code. Amends secs. 135 & 157m of 1931 PA 328 (MCL 750.135 & 750.157m). TIE BAR WITH: HB 5477'24
Retirement: public school employees; certain required annual contributions; modify. Amends secs. 41 & 43e of 1980 PA 300 (MCL 38.1341 & 38.1343e).