Military Retirement Provisions definition

Military Retirement Provisions means the retirement allowance, pension, or other retirement benefits provided under the Michigan Military Act, 1967 PA 150, as amended, MCL 32.501 to 32.851.
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Examples of Military Retirement Provisions in a sentence

  • The appointed members shall serve for a term of four years, except that of the members first appointed, the Governor shall appoint a state employee member for a term of one year, a member or retirant of the Judges Retirement System for a term of two years, and the member or retirant under the Military Retirement Provisions for a term of three years.

  • The Board shall administer the Military Retirement Provisions as part of a qualified pension plan created in trust under Section 401 of the Internal Revenue Code, 26 USC 401, in accordance with State Employees’ Retirement Act and all plan documents relating to the governance of the same.

  • Members of the State Employees Retirement System (SERS or MSERS), the State Police Retirement System (SPRS), the Judges’ Retirement System (MJRS), and certain members of the Military Retirement Provisions (MMRP) may receive a life insurance benefit if they meet the benefit eligibility requirements.

  • Members of the State Employees Retirement System (SERS), the State Police Retirement System (SPRS), the Judges' Retirement System (JRS), and certain members of the Military Retirement Provisions (MMRP) may receive a life insurance benefit if they meet the benefit eligibility requirements.

  • September 13, 2018Enclosed is a copy of the following report:• Report on internal control, compliance, and other matters of the Michigan Military Retirement Provisions for the fiscal year ended September 30, 2017 (071-0158-18).

  • The Board shall administer the Military Retirement Provisions as part of a qualified pension plan created in trust under Section 401 of the Internal Revenue Code, 26 USC 401, in accordance with State Employees' Retirement Act and all plan documents relating to the governance of the same.

  • Members of the State Employees Retirement System (SERS), the State Police Retirement System (SPRS), the Judges’ Retirement System (JRS), and certain members of the Military Retirement Provisions (MMRP) may receive a life insurance benefit if they meet the benefit eligibility requirements.

  • The following communications were received and read: Office of the Auditor General Enclosed is a copy of the following report: February 23, 2023• Report on Internal Control, Compliance, and Other Matters of the Michigan Military Retirement Provisions (MMRP) (071-0158-23).

Related to Military Retirement Provisions

  • Disability retirement for plan 1 members, means the period

  • Normal Retirement means retirement from active employment with the Company or any Subsidiary on or after age 65.

  • Early Retirement means retirement, with consent of the Committee at the time of retirement, from active employment with the Company and any Subsidiary or Parent Corporation of the Company.

  • Retirement means Normal or Early Retirement.

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.

  • Military service means honorably serving on federal active duty, state active duty, or national guard duty, as defined in Iowa Code section 29A.1; in the military services of other states, as provided in 10 U.S.C. Section 101(c); or in the organized reserves of the United States, as provided in 10 U.S.C. Section 10101.