Allows certain state employees to transfer their retirement contributions to the Michigan State Police Retirement System.

This bill amends the Michigan Public Retirement Security Act to allow certain state employees to transfer their retirement contributions to the Michigan State Police Retirement System. Specifically, it allows qualified participants who first became participants on or after March 31, 1997, to elect to terminate their membership in Tier 2 and become members of the Michigan State Police Retirement System. The election is irrevocable, and the transfer of contributions is subject to the vesting schedule.

Allows certain state employees to transfer their retirement contributions to the Michigan State Police Retirement System.

This bill amends the Michigan Public Retirement Security Act to allow certain state employees to transfer their retirement contributions to the Michigan State Police Retirement System. Specifically, it allows qualified participants who first became participants on or after March 31, 1997, to elect to terminate their membership in Tier 2 and become members of the Michigan State Police Retirement System. The election is irrevocable, and the transfer of contributions is subject to the vesting schedule.