NMU's Compliance Database - Northern Michigan University
Michigan Public Act 152: Health insurance contribution vote
Reviewed By | Internal Auditor Owner |
URL: | http://www.legislature.mi.gov/(S(qzaq3sphz0dgwcxq3hs3bxoh))/mileg.aspx?page=getObject&objectName=mcl-15-564 |
Regulation Reference Cite | 15.564; Act 152 of 2011 |
Report Due Date (Actual) | "prior to the beginning of the medical benefit plan coverage year" |
Level | Requirement |
Oversight Unit | FINANCE & ADMIN, VICE PRES |
Person Responsible | Matt Franti |
Secondary Person Responsible | Cynthia Pohlman |
President / VP Level | Finance |
Description |
A public employer needs to have a majority vote each year, if they are choosing the 80/20 percentage requirements of Section 4 of the Act (MCL 15.564) instead of the “hard cap” requirements of Section 3 of the Act (MCL 15.563). Section 4(1) (MCL 15.564(1)) of the Act, that provides the 80/20 percentage option, directs that “[b]y a majority vote of its governing body each year, prior to the beginning of the medical benefit plan coverage year, a public employer, excluding this state, may elect to comply with this section for a medical benefit plan coverage year instead of the requirements in Section 3...” (MCL 15.563). |
Contacts and Data Sources |
Governing vote is performed by university Finance Committee |