Ann Arbor Michigan Form 8802 2018-2025

Ann Arbor Michigan Form 8802: What You Should Know

The Michigan Taxpayers, Retirement System and Employees' Association have agreed to make additional grants through the  Michigan State Legislature to the Michigan Taxpayers' Retirement System. About Michigan Taxpayers' Retirement System and  Michigan State Legislature to Make Additional Grant Through  Retirement and Insurance Fund Fiscal Years 2025 and 2025 and Fiscal Years 2025 and 2025 — This legislation amends the Michigan Property Tax Act to allow the  MORE to make an additional grant to the Michigan Retirement System. The increase to the Michigan Retirement System can be made  in the fiscal year 2017-18 and fiscal year 2018-19. In fiscal years 2025 and 2018, the MORE and the MORE Board shall consider the increase in the  MORE's contribution, in determining its investment objectives and in determining which projects it approves to receive  funding or loans. The Board shall evaluate in each fiscal year which projects in the Trust Fund are likely to be the  most effective investments of public moneys. In determining which projects are most likely to produce the largest financial impact, the Board shall consider the  amount of public funds invested, the degree to which the investment project will benefit the state, and the ability of the  project to compete for federal and state funds when approved under existing federal program requirements, and other factors  the Board considers relevant to the project. During fiscal years 2025 and 2018, the Board may also use its  review authority, including the authority granted in subsections 807.9 and 807.14 above, to approve up to five additional new  projects in the Trust Fund. For this purpose, the Board must provide written notice to the Chief Judge of the  Supreme Court, State Treasurer and Secretary of State within 30 days from the beginning of each fiscal year,  setting out its reasons for such approval. Fiscal Years 2017-18 and 2018-19 — This legislation amends the Michigan Property Tax Act to allow the  MORE to make an additional grant to the Michigan Retirement System. The increase to the Michigan Retirement System can be made  in the fiscal year 2017-18 and fiscal year 2018-19. State and Local Government Pension Funds. The Michigan Treasury is responsible for administering pension funds for state and local governmental employees. Michigan pension funds are also called state defined contribution retirement plans.

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