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 | Debra DeMattia |
| 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 |
| Internal Notes |
| This compliance item has notes that are available internally to the oversight unit. Please contact the Risk Management Department for more information |