Michigan § 38.1303 - Definitions; A.
Full text of Michigan Michigan Compiled Laws § 38.1303 — Definitions; A., with citation guidance and answers to common questions.
§ 38.1303. Definitions; A.
"Accumulated contributions" means 1 or more of the following:
The amounts credited to a member's individual subaccount in the reserve for employee contributions plus regular interest on those amounts.
The amounts credited to a member's individual subaccount in the reserve for member investment plan plus compound interest on those amounts.
"Active duty" means full-time duty in the armed forces other than active duty which is exclusively for training purposes.
"Actuarial cost" means an amount that shall be paid, except as otherwise specifically provided by this act, by a member to purchase additional service credit as allowed under this act. Actuarial cost shall be computed as provided in section 79.
"Armed forces" means the United States army, navy, marine corps, air force, and coast guard, including the reserve components.
Frequently Asked Questions About Michigan § 38.1303
What does Michigan Compiled Laws § 38.1303 cover?
Section 38.1303 ("Definitions; A.") 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 § 38.1303?
A common citation format is "Michigan Compiled Laws § 38.1303" (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 § 38.1303 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.