It was created under Public Act 234 of 1992, as amended (Michigan Compiled
Laws 38.2101 et seq.), consolidating the former Judges and Probate Judges
Retirement Systems into one retirement system. The System was established by the
state to provide retirement benefits to judges in the judicial branch of state
government.
The System also includes the Governor, Lieutenant Governor, Secretary of
State, Attorney General, Legislative Auditor General, and the Constitutional
Court Administrator.
As of September 30, 2008, the Defined Benefit plan covered 257 active
customers, and 540 retirees and beneficiaries.
The 401(k) Defined Contribution plan covered 357 active customers and 42
inactive and retired customers.
The net assets of the Defined Benefit plan, valued at $269.6 million as of
September 30, 2008, are invested by the Michigan Department of Treasury, Bureau
of Investments. In fiscal year 2008, the System paid Defined Benefit plan
retirement pensions totaling $19.2 million.
Retirement Act: Public Act 234
The operation of the Judge's Retirement System is controlled by the Judge's
Retirement Act—Public Act 234 of 1992, as amended (Michigan Compiled Laws
38.2101 et seq.).
The Judges Retirement Act is published in PDF and HTML formats, and is maintained by the Michigan Legislature. Click on the version of the Retirement Act you would like to view.
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