Michigan § 38.1h - Definitions; R.
Full text of Michigan Michigan Compiled Laws § 38.1h — Definitions; R., with citation guidance and answers to common questions.
§ 38.1h. Definitions; R.
"Regular interest" means a rate or rates per annum, compounded annually, as the retirement board determines. For the purposes of employee refunds, the interest rate payable shall not exceed 4% per annum, compounded annually.
"Retirant" means a person who has ceased to be a member of the retirement system by reason of retirement with a pension or retirement allowance payable from the funds of the retirement system.
"Retirement allowance" means the sum of the annuity and the pension.
"Retirement board" means the board provided for in section 2 to administer the retirement system.
"Retirement system" means the state employees' retirement system created by section 2.
Frequently Asked Questions About Michigan § 38.1h
What does Michigan Compiled Laws § 38.1h cover?
Section 38.1h ("Definitions; R.") 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 § 38.1h?
A common citation format is "Michigan Compiled Laws § 38.1h" (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 § 38.1h 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.