Mich. Comp. Laws § 38.1050

Current through Public Act 156 of the 2024 Legislative Session

Section 38.1050 - Investment and reinvestment of cash assets; nonapplicability to Tier 2

The cash assets of the retirement system in excess of the amount required for current operations shall be invested and reinvested by the board in the manner provided by Act No. 314 of the Public Acts of 1965, being sections 38.1132 to 38.1140i of the Michigan Compiled Laws. This section does not apply to Tier 2.

MCL 38.1050

1957, Act 261, Eff. 9/27/1957 ;--Am. 1970, Act 237, Eff. 1/1/1971 ;--Am. 1987, Act 58, Imd. Eff. 6/23/1987 ;--Am. 1996, Act 486, Eff. 3/31/1997.