November 30, 2016, Introduced by Reps. Nesbitt and Poleski and referred to the Committee on Local Government.
A bill to amend 1966 PA 28, entitled
"An act to authorize the board of trustees of police and firemen
retirement systems, municipal employees retirement systems, or
county retirement systems to increase benefits,"
by amending section 1 (MCL 38.571), as amended by 2002 PA 602.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec.
1. The Subject to the
local unit of government retirement
act, the board of trustees with the approval of the governing body
of the county, city, village, or township of any police and firemen
retirement system, municipal employees retirement system, or county
retirement system may use not more than 1/2 of the interest earned
by any reserve fund in the system to contract for medical, hospital
or nursing care for any person receiving benefits of the system.
"Reserve
As used in this section,
"reserve fund" means the
money
contributed by the city, village, township, or county.
Enacting section 1. This amendatory act does not take effect
unless Senate Bill No. ____ or House Bill No. 6074 (request no.
06264'16 *) of the 98th Legislature is enacted into law.