Michigan § 38.1053 - Vested interest in refunds; payment of member contributions; discharge of claims.
Full text of Michigan Michigan Compiled Laws § 38.1053 — Vested interest in refunds; payment of member contributions; discharge of claims., with citation guidance and answers to common questions.
§ 38.1053. Vested interest in refunds; payment of member contributions; discharge of claims.
Each member shall, by virtue of the payment of the member contributions required to be paid to the retirement system, receive a vested interest in the refunds provided in section 55, and each member in consideration of the vested interest shall be considered to have agreed to, and authorized the deductions from the payments of salary of all contributions payable to the retirement system pursuant to this act.
Payment of salary as prescribed by law, less the amounts of contributions provided in this act shall, together with the special vested rights in the refunds provided by this retirement system, be a full complete discharge of all claims of payments for service rendered by a member during the period covered by the payment.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 38.1053
What does Michigan Compiled Laws § 38.1053 cover?
Section 38.1053 ("Vested interest in refunds; payment of member contributions; discharge of claims.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 38.1053?
A common citation format is "Michigan Compiled Laws § 38.1053" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 38.1053 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.