Categories
Retirement; state employees; retirement benefits; provide permanent 80 combined age and service retirement, increase minimim COLA payment, add option C for 75% continuation, provide automatic survivor and health benefits
to certain children of deceased retirants, revise amount of excluded compensation in calculation of retirement allowance, provide 5-year generic buy-in, and provide other general amendments.
Amends secs. 1, 17j, 19, 20d, 20g & 31 of Act 240 of 1943 (MCL 38.1 et seq.) & adds secs. 17m & 31a.