Michigan § 38.2656 - “Qualified participant,”“refund beneficiary,”“salary,” and “state treasurer” defined.

Full text of Michigan Michigan Compiled Laws § 38.2656 — “Qualified participant,”“refund beneficiary,”“salary,” and “state treasurer” defined., with citation guidance and answers to common questions.

§ 38.2656. “Qualified participant,”“refund beneficiary,”“salary,” and “state treasurer” defined.

Sec. 706.(1)

"Qualified participant" means an individual who is a participant of Tier 2 and who meets 1 of the following requirements:

(a)

An individual who first becomes a judge or state official on or after March 31, 1997, and who before March 31, 1997 would have been eligible to be a member of Tier 1.

(b)

An individual who elects to terminate membership in Tier 1 and who elects to participate in Tier 2 in the manner prescribed in section 701 or 701a.

(2)

"Refund beneficiary" means an individual nominated by a qualified participant or a former qualified participant under section 717 to receive a distribution of the participant's accumulated balance in the manner prescribed in section 718.

(3)

"Salary" means 1 of the following:

(a)

For an individual described in subsection (1)(a), 100% of his or her salary that is paid both directly and indirectly by this state for the position he or she holds.

(b)

For an individual described in subsection (1)(b), the salary that he or she elects or is considered to have elected under section 701b.

(4)

"State treasurer" means the treasurer of this state.

Source: official Michigan text · Last verified 2026-08-27

Frequently Asked Questions About Michigan § 38.2656

What does Michigan Compiled Laws § 38.2656 cover?

Section 38.2656 ("“Qualified participant,”“refund beneficiary,”“salary,” and “state treasurer” defined.") 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 § 38.2656?

A common citation format is "Michigan Compiled Laws § 38.2656" (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 § 38.2656 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.