Bankruptcy Exemption Citations
A Research Database... updated as time allows... Not guaranteed to be complete or up to date ... you can find pay services for that... Not a subsitute for legal advice

← Michigan Pensions & Retirement Savings Exemptions

Exemption: Judges

Citation: Stat. - Mich. Comp. Laws § 38.2308

.
Mich. Comp. Laws § 38.2308 :
Judges Retirement Act of 1992 (Refs & Annos)

Article III

38.2308. Offsets; forfeiture of service credits; applicability of public employee retirement benefit protection act

Sec. 308. (1) The retirement system may offset retirement benefits or refunds payable under this act against amounts owed to the retirement system by a member, vested former member, retirant, retirement allowance beneficiary, or refund beneficiary.

(2) If the retirement system is required by the federal government pursuant to a court order to transmit a part of a member's accumulated contributions to a federal agency, the service credit that is covered by the payment shall be forfeited in the same manner as if the employee had requested and been paid a refund of the member's most recent contributions.

(3) The right of a person to a retirement allowance, to the return of accumulated contributions, to an optional benefit, to any other right accrued or accruing to a member or beneficiary under this act, and to the money belonging to the retirement system is subject to the public employee retirement benefit protection act [FN1].
Last Amended: 2002
2002
P.A.1992, No. 234, ďż˝ 308, Eff. March 31, 1993. Amended by P.A.2002, No. 95, Imd. Eff. March 27, 2002.
ADVERTISEMENT -
  • Other State Citations
  • Other States on this topic

Other Michigan Exemption Citations

50 State Pensions & Retirement Savings Exemptions