Michigan § 38.1617 - Reserve for retired benefit payments; transfer between reserve for employer contributions and reserve for retired benefit payments.
Full text of Michigan Michigan Compiled Laws § 38.1617 — Reserve for retired benefit payments; transfer between reserve for employer contributions and reserve for retired benefit payments., with citation guidance and answers to common questions.
§ 38.1617. Reserve for retired benefit payments; transfer between reserve for employer contributions and reserve for retired benefit payments.
The reserve for retired benefit payments is the account from which shall be paid all retirement allowances and residual refunds of accumulated contributions.
At the end of each year in which a biennial actuarial valuation is prepared, the balance in the reserve for retired benefit payments shall be brought into balance with the actuarial present value of retirement allowances in payment status by a transfer between the reserve for employer contributions and the reserve for retired benefit payments. The pending transfer shall be taken into account by the actuary when making the next biennial actuarial valuation.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 38.1617
What does Michigan Compiled Laws § 38.1617 cover?
Section 38.1617 ("Reserve for retired benefit payments; transfer between reserve for employer contributions and reserve for retired benefit payments.") 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 § 38.1617?
A common citation format is "Michigan Compiled Laws § 38.1617" (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 § 38.1617 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.