JUDGES' RETIREMENT; SUPPLEMENTAL INCREASE
House Bill 4675
Sponsor: Rep. Jason Allen
Committee: Appropriations
Complete to 8-23-01
A SUMMARY OF HOUSE BILL 4675 AS INTRODUCED 4-26-01
The bill would amend the defined benefit provisions of the Judges Retirement Act to provide a supplemental increase in the retirement allowances of retirees (and beneficiaries of deceased retirees) who retired between January 1, 1980 and January 1, 1999. Supplements ranging from 1 to 8 percent would be added to the base retirement allowance of these retirees, with the largest increases going to those who retired during 1980, and the smallest to those retiring in 1998. The supplement provided by the bill would have to be calculated and paid before October 1, 2001.
However, the bill specifies that if a retiree died before June 1, 2001 (the bill's effective date), his or her retirement allowance would not be supplemented. And, a retiree (or beneficiary of a retiree) who was a member of the former Judges Retirement System before September 8, 1961 would not be eligible to receive the supplement.
MCL 38.2512
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This analysis was prepared by nonpartisan House staff for use by House members in their deliberations, and does not constitute an official statement of legislative intent.