Sec. 65. (1) The department shall administer Tier 2 and shall be the fiduciary and trustee
of Tier 2. The department may appoint an advisory board to assist the department in carrying
out its duties as fiduciary and trustee. The department and the state treasurer shall comply with Executive Reorganization Order No. 1999-5, MCL 38.2721, in the administration of Tier 2.
(2) The department shall determine the provisions and procedures of Tier 2 and the
plan document in conformity with this act and the internal revenue code.
(3) The department has the exclusive authority and responsibility to employ or contract
with personnel and for services that the department determines necessary for the proper
administration of and investment of assets of Tier 2, including, but not limited to,
managerial, professional, legal, clerical, technical, and administrative personnel
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