{"data":{"id":"us-mi/mich.-comp.-laws-38.1670","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 38.1670","heading":"Tier 2 vesting and contribution requirements.","body":"Sec. 70.\n\n(1) This section is subject to the vesting requirements of section 42b.\n\n(2) Unless the qualified participant affirmatively elects not to contribute or elects to contribute a lesser amount, the qualified participant shall contribute 2% of his or her compensation to his or her Tier 2 account. The qualified participant's employer shall make a contribution to the qualified participant's Tier 2 account in an amount equal to 50% of the first 2% of compensation contribution made by the qualified participant under this subsection.\n\n(3) A qualified participant may make contributions in addition to contributions made under subsection (2) to his or her Tier 2 account as permitted by the department and the internal revenue code.","path":["MI Code","Chapter 38","Act Act-182-of-1986"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-38-1670","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"50bd782a9404c2bac22a3c45a32833301f929bf8e34ffe91e78e23afeab1b04e","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-38.1669","next":"us-mi/mich.-comp.-laws-38.1672"},"notice":"GroundRules: Original legal text. Not legal advice."}