Mich. Comp. Laws § 38.1642b: Qualified participant; Tier 1 and Tier 2 vesting schedule.
Where this section sits in the code
- MI Code
- Chapter 38
- Act Act-182-of-1986
Sec. 42b.
(1) A qualified participant is immediately 100% vested in his or her contributions made to Tier 2.
(2) A qualified participant who is a member of Tier 1 vests in the employer contributions made on his or her behalf to Tier 2 according to the following schedule:
(a) On completion of 2 years of service, 50%.
(b) On completion of 3 years of service, 75%.
(c) On completion of 4 years of service, 100%.
Collected 2026-09-14T18:32:31Z. Source file · JSON