Michigan SB0262 amends the state retirement system to offer annuity options for qualified participants.
Michigan SB0262 amends the state retirement system to offer annuity options for qualified participants. The bill requires the retirement system to design and implement a method to determine the proper allocation of employer matching contributions based on elective employee contributions. It mandates that the retirement system offer access to fixed annuity options and may offer variable annuity options.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.