Retirement: state police; contributions into tier 2 account; modify. Amends sec. 42a of 1986 PA 182 (MCL 38.1642a).

This bill modifies the Michigan State Police retirement plan to change how new members receive health benefits and employer contributions. Instead of paying for health insurance premiums, employers will make matching contributions to a Tier 2 retirement account, ranging from 2% to 4% of an employee's pay depending on their start date. Additionally, eligible members can contribute up to 2% of their compensation to this account, and those with at least 10 years of service will receive a $2,000 credit to a health reimbursement account. The legislation also outlines specific rules for when these contributions begin, how long they last, and how they are treated for loan purposes or if an employee leaves the force.