Michigan § 38.2403 - Election to purchase other public service credit; request; documentation; payment of actuarial cost; basis for calculating service credit.
Full text of Michigan Michigan Compiled Laws § 38.2403 — Election to purchase other public service credit; request; documentation; payment of actuarial cost; basis for calculating service credit., with citation guidance and answers to common questions.
§ 38.2403. Election to purchase other public service credit; request; documentation; payment of actuarial cost; basis for calculating service credit.
A member who has 4 or more years of membership service may elect to purchase service credit for other public service by filing a request with the retirement system. The member shall provide documentation of the other public service and shall pay into the reserve for member contributions the actuarial cost. The member shall relinquish for himself or herself and his or her beneficiaries all rights in and to a pension or annuity payable from another retirement system for the same period of service purchased under this section.
The retirement system shall calculate the amount of service credit for other public service under subsection (1) on the same basis as provided in section 402(1).
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 38.2403
What does Michigan Compiled Laws § 38.2403 cover?
Section 38.2403 ("Election to purchase other public service credit; request; documentation; payment of actuarial cost; basis for calculating service credit.") 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 § 38.2403?
A common citation format is "Michigan Compiled Laws § 38.2403" (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 § 38.2403 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.