Michigan § 38.2103 - Definitions; A.
Full text of Michigan Michigan Compiled Laws § 38.2103 — Definitions; A., with citation guidance and answers to common questions.
§ 38.2103. Definitions; A.
"Accumulated contributions" means the balance standing to the member's credit in the reserve for member contributions. The balance includes member contributions and interest attributable to those contributions.
"Active duty" means full-time duty in the armed forces other than active duty that is exclusively for training purposes.
"Actuarial cost" means an amount that a member shall pay, except as otherwise specifically provided in this act, to purchase additional service credit under this act. Actuarial cost is determined and calculated as provided in section 215.
"Actuarial funding requirement" means the sum of the contribution rates determined in section 301(2) and (3) multiplied by the aggregate annual compensation of active members.
"Actuary" means the actuary of the retirement system as provided in section 205.
"Aggregate annual compensation" means the sum of all compensation, as defined in section 104(1), paid annually to active members.
"Armed forces" means the United States army, navy, marine corps, air force, and coast guard, including the reserve components.
Frequently Asked Questions About Michigan § 38.2103
What does Michigan Compiled Laws § 38.2103 cover?
Section 38.2103 ("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 § 38.2103?
A common citation format is "Michigan Compiled Laws § 38.2103" (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 § 38.2103 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.