Michigan § 38.1621 - Allocation of undistributed investment income; charging amounts allocated; allocation rates.
Full text of Michigan Michigan Compiled Laws § 38.1621 — Allocation of undistributed investment income; charging amounts allocated; allocation rates., with citation guidance and answers to common questions.
§ 38.1621. Allocation of undistributed investment income; charging amounts allocated; allocation rates.
The department shall at least annually allocate all or a portion of undistributed investment income to the individual balances in the reserve for employee contributions, the reserve for employer contributions, and the reserve for retired benefit payments and on the aggregate balance in the reserve for excess casualty experience. The amounts allocated shall be charged to the reserve for undistributed investment income. The allocation rates shall be determined by the department. Allocation rates may vary by reserve account but shall be uniformly applied to each subaccount within a reserve account.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 38.1621
What does Michigan Compiled Laws § 38.1621 cover?
Section 38.1621 ("Allocation of undistributed investment income; charging amounts allocated; allocation rates.") 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 § 38.1621?
A common citation format is "Michigan Compiled Laws § 38.1621" (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 § 38.1621 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.