About the Judges Retirement System
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, 2013, the Defined Benefit plan covered 166 active customers, and 553 retirees and beneficiaries. The net assets of the Defined Benefit plan, valued at $253.5 million as of September 30, 2013, are invested by the Michigan Department of Treasury, Bureau of Investments. In fiscal year 2013, the System paid Defined Benefit plan retirement pensions totaling $22.0 million.
Retirement Act: Public Act 234
The operation of the Judges Retirement System is controlled by the Judges 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.