Michigan § 38.1615 - Reserve for employee contributions; subaccounts; transfer of accumulated member contributions.
Full text of Michigan Michigan Compiled Laws § 38.1615 — Reserve for employee contributions; subaccounts; transfer of accumulated member contributions., with citation guidance and answers to common questions.
§ 38.1615. Reserve for employee contributions; subaccounts; transfer of accumulated member contributions.
(1) The reserve for employee contributions is the account in which member contributions are accumulated and from which must be made refunds and transfers of accumulated member contributions. The retirement system shall maintain 1 or more separate subaccounts for each person having an interest in this account. Member contributions must be accumulated at regular interest to the subaccounts of the members.
(2) Accumulated member contributions must be transferred from the reserve for employee contributions to the reserve for retired benefit payments on the retirement or death of a member or deferred member.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 38.1615
What does Michigan Compiled Laws § 38.1615 cover?
Section 38.1615 ("Reserve for employee contributions; subaccounts; transfer of accumulated member contributions.") 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 § 38.1615?
A common citation format is "Michigan Compiled Laws § 38.1615" (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 § 38.1615 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.