Michigan § 38.2806 - Underfunded status; waiver; duties of state treasurer if local unit of government not granted waiver.
Full text of Michigan Michigan Compiled Laws § 38.2806 — Underfunded status; waiver; duties of state treasurer if local unit of government not granted waiver., with citation guidance and answers to common questions.
§ 38.2806. Underfunded status; waiver; duties of state treasurer if local unit of government not granted waiver.
(1) To apply for a waiver of the underfunded status determination under section 5, the local unit of government's administrative officer and governing body must approve a plan demonstrating the underfunded status is being addressed and must approve the waiver application. The state treasurer shall issue a waiver of the determination of underfunded status for a local unit of government if the state treasurer determines that the underfunded status is adequately being addressed by the local unit of government.
(2) For any underfunded local unit of government that is not granted a waiver, the department of treasury shall do all of the following:
(a) Undertake an individualized and comprehensive internal review of the local unit of government's retirement system.
(b) Discuss changes or reforms that have been made with the local unit of government's designated officials.
(c) Review actuarial projections, including trends and forecasts.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 38.2806
What does Michigan Compiled Laws § 38.2806 cover?
Section 38.2806 ("Underfunded status; waiver; duties of state treasurer if local unit of government not granted waiver.") 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 § 38.2806?
A common citation format is "Michigan Compiled Laws § 38.2806" (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 § 38.2806 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.