STATE EMPLOYEES' RETIREMENT ACT (EXCERPT)
Act 240 of 1943
38.20e Supplemental retirement allowance; amount; payment.
(1) After December 31, 1980, a retirant or beneficiary of a deceased retirant whose effective date of retirement benefit payable was before July 1, 1956, shall receive a supplemental to his or her retirement allowance in an amount sufficient to produce a total retirement allowance including all other supplements and adjustments of not less than $160.00 multiplied by the retirant's total number of years of retirement service credit.
(2) A supplemental retirement allowance provided by this section shall be paid only during those fiscal years for which an appropriation is made which is sufficient to cover the additional payments likely to be made.
History: Add. 1974, Act 216, Imd. Eff. July 19, 1974
Am. 1978, Act 148, Imd. Eff. May 18, 1978
Am. 1980, Act 467, Imd. Eff. Jan. 17, 1981
© 2009 Legislative Council, State of Michigan