Retirement: judges; employee contribution and match; increase. Amends sec. 714 of 1992 PA 234 (MCL 38.2664).

This bill amends Michigan's Judges Retirement Act to increase employer contributions and employee matching options for judges participating in the Tier 2 retirement plan. Under the new rules, employers must contribute 4% of a judge's salary to their Tier 2 account, while judges can choose to contribute up to 5% of their salary starting in April 2025, with their employer matching that amount dollar-for-dollar. The legislation also allows judges who were previously unable to contribute due to a legal restraining order to make up to 6% of their salary with an equivalent employer contribution for a specific period. Additionally, judges taking office on or after January 1, 2002, are required to contribute 2% of their compensation to the retirement system, which will be used to fund health and sick care benefits.