Allows Michigan judges to name a special needs trust as a beneficiary for their retirement allowance.
This bill amends the Michigan Public Employee Retirement Act to allow judges to name a special needs trust as a beneficiary for their retirement allowance. The special needs trust can be designated under federal law for individuals with disabilities. The retirement system can pay the retirement allowance directly to the trust, ensuring the funds are used for the benefit of the disabled individual. This provision provides flexibility for judges to plan for the financial needs of disabled beneficiaries.
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