SB497 — Retirement: state employees; annuity option; provide for. Amends secs. 55, 58, 63, 63a & 69 of 1943 PA 240 (MCL 38.55 et seq.).

SB497 — Retirement: state employees; annuity option; provide for. Amends secs. 55, 58, 63, 63a & 69 of 1943 PA 240 (MCL 38.55 et seq.). · Informed CitizenryThis bill amends the State Employees' Retirement Act to modify provisions regarding Tier 2 retirement plans. Key changes include updating the definition of 'year of service' to clarify that partici…Open in Informed Citizenry