Michigan Laws 38.1066 – “Qualified participant,””refund beneficiary,” and “state treasurer” defined
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(1) “Qualified participant” means an individual who is a participant of Tier 2 and who meets 1 of the following requirements:
(a) An individual who first becomes a legislator or lieutenant governor on or after March 31, 1997, and who before March 31, 1997 would have been eligible to be a member of Tier 1.
Terms Used In Michigan Laws 38.1066
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
(b) An individual who elects to terminate membership in Tier 1 and who elects to participate in Tier 2 in the manner prescribed in section 61.
(2) “Refund beneficiary” means an individual nominated by a qualified participant or a former qualified participant under section 77 to receive a distribution of the participant’s accumulated balance in the manner prescribed in section 78.
(3) “State treasurer” means the treasurer of this state.