Retirement: state police; membership in the retirement system of a corrections officer first hired after certain date; provide for, and allow for purchasing service credit for certain corrections officers' service under the state employees' retirement system. Amends secs. 3, 4, 14 & 70 of 1986 PA 182 (MCL 38.1603 et seq.) & adds secs. 14b & 24c. TIE BAR WITH: SB 47'25

SB 48 allows corrections officers hired after a specific date to join the state police retirement system and purchase service credit for their prior corrections work. It amends Michigan's retirement law to create a new process (via added sections 14b and 24c) enabling these officers to buy back years of service from their corrections employment to count toward their retirement benefits. This directly affects corrections officers first hired after the date specified in the bill, providing them with more retirement credit options. The bill changes how service credit is calculated and transferred between systems, making it easier for eligible officers to consolidate their retirement contributions. It does not change retirement benefits or costs for existing members.