Published on May 23, 2017
The Fire Fighters and Police Officers Retirement Act (Act 345 of 1937) allows for a retirement plan for police officers and firefighters and also authorizes a funding source. What is Act 345, what does it do, and why does it matter?
Published on April 12, 2018
Act 345 of 1937 authorizes the creation of an Act 345 millage and funding source to fund police and firefighter pensions. An Act 345 millage is not restricted by the Headlee Amendment.