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Michigan Compiled Laws, Chapter 38. Civil Service and Retirement § 38.20b

Current as of February 09, 2022 | Updated by FindLaw Staff

Sec. 20b.  (1) On July 1, 1972, the monthly retirement allowance payable to a retirant or beneficiary who is on the rolls for June, 1971, is increased as follows:

Effective Date of Retirement

Percent of Increase

August 1, 1970 to July 1, 1971

 1

August 1, 1969 to July 1, 1970

 2

August 1, 1968 to July 1, 1969

 3

August 1, 1967 to July 1, 1968

 4

August 1, 1966 to July 1, 1967

 5

August 1, 1965 to July 1, 1966

 6

August 1, 1964 to July 1, 1965

 7

August 1, 1963 to July 1, 1964

 8

August 1, 1962 to July 1, 1963

 9

August 1, 1961 to July 1, 1962

10

August 1, 1960 to July 1, 1961

11

August 1, 1959 to July 1, 1960

12

August 1, 1958 to July 1, 1959

13

August 1, 1957 to July 1, 1958

14

July 1, 1956 to July 1, 1957

15

Any time before July 1, 1956

25

(2) The increases in retirement allowances authorized by this section shall be paid only from the excess of assets in the pension reserve fund which the legislature has been informed is sufficient to cover the increased costs involved without requiring any appropriation of state funds.

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Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 38. Civil Service and Retirement § 38.20b - last updated February 09, 2022 | https://codes.findlaw.com/mi/chapter-38-civil-service-and-retirement/mi-comp-laws-38-20b/

Read this complete Michigan Compiled Laws, Chapter 38. Civil Service and Retirement § 38.20b on Westlaw

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

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