Section 38.1404 Percentage Increase to Monthly Retirement Allowance Payable Under Additional Former Provisions; Continuation.

MI Comp L § 38.1404 (2019) (N/A)

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Sec. 104.

(1) The percentage increase to the monthly retirement allowance payable to a retirant or retirement allowance beneficiary under either section 27f of chapter I or section 25c of chapter II of former Act No. 136 of the Public Acts of 1945, is continued as provided in this section.

(2) The monthly retirement allowance payable to a retirant or retirement allowance beneficiary after September 30, 1976, who was on the rolls for September 30, 1976, is supplemented as follows:

History: 1980, Act 300, Imd. Eff. Oct. 31, 1980 ;-- Am. 1985, Act 91, Imd. Eff. July 10, 1985 Compiler's Notes: Act 136 of 1945, referred to in this section, was repealed by Act 300 of 1980. Popular Name: Act 300

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Section 38.1403 Percentage Increase to Monthly Retirement Allowance Payable Under Former Provisions; Continuation.

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Section 38.1404a Determining Rate of Investment Return on Retirement System Assets and Present Value of Retirement Allowances; Calculation and Reduction of Distribution Income; Crediting Distribution Units to Retirant or Retirement Allowance Beneficiary; Calculation and Payment of Distribution Amount; Increase in Retirement Allowance; Computation of Cumulative Increase Amount; Supplemental Payment; Increase in Retirement Allowance Effective Before October 1, 1981; Increase in Retirement Allowance Effective on or Before January 1, 1987.