Michigan § 38.2665 - Vesting requirements.
Full text of Michigan Michigan Compiled Laws § 38.2665 — Vesting requirements., with citation guidance and answers to common questions.
§ 38.2665. Vesting requirements.
A qualified participant is immediately 100% vested in his or her contributions made to Tier 2. A qualified participant shall vest in the employer contributions made on his or her behalf to Tier 2 according to the following schedule:
Upon completion of 2 years of service, 50%.
Upon completion of 3 years of service, 75%.
Upon completion of 4 years of service, 100%.
A qualified participant is vested in the health insurance coverage provided in section 719 if the qualified participant meets 1 of the following requirements:
The qualified participant has completed 4 years of service as a qualified participant and was not a member, deferred vested member, or former nonvested member of Tier 1.
The qualified participant was a member, deferred vested member, or former nonvested member of Tier 1 who made an election to participate in Tier 2 pursuant to section 701 or 701a, and who has met the service requirements he or she would have been required to meet in order to vest in health benefits under section 509.
Frequently Asked Questions About Michigan § 38.2665
What does Michigan Compiled Laws § 38.2665 cover?
Section 38.2665 ("Vesting requirements.") 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 § 38.2665?
A common citation format is "Michigan Compiled Laws § 38.2665" (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 § 38.2665 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.