{"data":{"id":"us-mi/mich.-comp.-laws-38.1063","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 38.1063","heading":"Calculation of accrued cost savings; submission of total amount in executive budget to legislature; appropriation.","body":"Sec. 63.\n\nAfter consulting the retirement system's actuary, the board shall calculate for each fiscal year any cost savings that have accrued to this state as a result of the implementation of 1996 PA 486 over the costs that would have been incurred by this state to fund this retirement system had 1996 PA 486 not been implemented. The total amount of the cost savings shall be submitted in the executive budget to the legislature for appropriation in the next succeeding state fiscal year to the health insurance fund created by section 22c.","path":["MI Code","Chapter 38","Act Act-261-of-1957"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-38-1063","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"db34e0f0acb264ab8e30dbac4f9059760ec8a95fa9e0b20e12f3d72ca8d34119","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-38.1062","next":"us-mi/mich.-comp.-laws-38.1064"},"notice":"GroundRules: Original legal text. Not legal advice."}