Michigan SB0048 allows state police to join the retirement system and purchase service credit for corrections officers.

Michigan SB0048 amends the state police retirement system to allow membership for corrections officers first hired after a certain date. It permits these officers to purchase service credit for their time under the state employees' retirement system. The bill also details provisions for retirement allowances, final average compensation, and contribution rates for the retirement system. It specifies that the retirement system should cover benefits for members and their survivors, and it outlines the process for purchasing service credit. The bill ties its enactment to the passage of SB 47.

Michigan SB0048 allows state police to join the retirement system and purchase service credit for corrections officers.

Michigan SB0048 amends the state police retirement system to allow membership for corrections officers first hired after a certain date. It permits these officers to purchase service credit for their time under the state employees' retirement system. The bill also details provisions for retirement allowances, final average compensation, and contribution rates for the retirement system. It specifies that the retirement system should cover benefits for members and their survivors, and it outlines the process for purchasing service credit. The bill ties its enactment to the passage of SB 47.