SENATE BILL NO. 50
January 26, 1999, Introduced by Senators SIKKEMA, HAMMERSTROM, MCCOTTER, GOSCHKA, BULLARD and SHUGARS and referred to the Committee on Appropriations. A bill to amend 1967 PA 156, entitled "Optional retirement act of 1967," by amending section 2 (MCL 38.382), as amended by 1994 PA 296. THE PEOPLE OF THE STATE OF MICHIGAN ENACT: 1 Sec. 2. As used in this act: 2 (a) "Optional retirement program" means a system of retire- 3 ment benefits established as a part of the plan of compensation 4 for eligible teaching and administrative personnel. 5 (b) "Retirement system" means the Michigan public school 6 employees' retirement system created by the public school employ- 7 ees retirement act of 1979, Act No. 300 of the Public Acts of 8 1980, being sections 38.1301 to 38.1408 of the Michigan Compiled 9 Laws 1980 PA 300, MCL 38.1301 TO 38.1408. 00099'99 KKR 2 1 (c) "Eligible employees" means the members of the faculty 2 and administrative staff of state supported institutions of 3 higher education on a full-time basis whose positions require the 4 performance of professional services in the discharge of the edu- 5 cational or administrative functions of the institution. FOR A 6 STATE SUPPORTED INSTITUTION OF HIGHER EDUCATION THAT IS A COMMU- 7 NITY OR JUNIOR COLLEGE AS DEFINED IN SUBDIVISION (D)(viii) OR 8 (ix), "ELIGIBLE EMPLOYEES" MEANS ALL EMPLOYEES OF THE COMMUNITY 9 OR JUNIOR COLLEGE. 10 (d) "State supported institution of higher education" means 11 any of the following: 12 (i) Western Michigan university. 13 (ii) Eastern Michigan university. 14 (iii) Northern Michigan university. 15 (iv) Central Michigan university. 16 (v) Michigan technological university. 17 (vi) Ferris state university. 18 (vii) Lake Superior state university. 19 (viii) A community or junior college established pursuant to 20 section 7 of article VIII of the state constitution of 1963. 21 (ix) A community or junior college established pursuant to 22 part 25 of the REVISED school code, of 1976, Act No. 451 of the 23 Public Acts of 1976, being sections 380.1601 to 380.1607 of the 24 Michigan Compiled Laws 1976 PA 451, MCL 380.1601 TO 380.1607. 25 (e) "Board of control" means the board charged with policy 26 direction of a state supported institution of higher education. 00099'99 Final page. KKR