What: A System Member shall be any public employee retirement system or retiree health care plan in the State of Michigan which has filed with the Executive Board its written desire to become a System Member.
New: Regular Membership entitles each retirement system to two (2) votes. Each system is required to pay Annual Membership Dues of $200. To be eligible to participate in a roll call on matters coming before the conference, the dues for your system must be current and the official delegates or alternates must be registered for the conference. Other members of the retirement system and their guest or spouse are welcome to attend the conference but cannot vote.
Renewal: Regular Membership may be renewed on an annual basis by payment of the Annual Membership Dues of $200. In the event payment of the foregoing Participating (System) Annual Renewal Membership Dues are not received within forty-five (45) days of the established deadline, said members shall be assessed a penalty of 25% of the applicable membership dues.
Note: Individuals who are not members or employees or the plan sponsor and who provide services to your Plan on a contractual basis are not eligible for participating membership and should not be included in your membership designation (this includes attorneys, actuaries, investment managers, consultants, etc.).