Section 38.1023e - Supplemental payments for retirants or retirement allowance beneficiaries with retirement allowance effective date before January 1, 1979; future adjustments.
MICHIGAN LEGISLATIVE RETIREMENT SYSTEM ACT (EXCERPT)
Act 261 of 1957
38.1023e Supplemental payments for retirants or retirement allowance beneficiaries with retirement allowance effective date before January 1, 1979; future adjustments.
Sec. 23e.
(1) Effective January 1, 1988, but before any of the increases provided by section 23c on or before January 1, 1988 are included, the monthly retirement allowance payable to a retirant or retirement allowance beneficiary and determined upon the date of retirement of the retirant whose retirement allowance effective date was before January 1, 1979 is supplemented as follows:
Effective Date of Retirement Percent of Increase October 1, 1977 to December 31, 1978 10 October 1, 1976 to September 30, 1977 11 October 1, 1975 to September 30, 1976 12 October 1, 1974 to September 30, 1975 13 October 1, 1973 to September 30, 1974 14 October 1, 1972 to September 30, 1973 15 October 1, 1971 to September 30, 1972 16 October 1, 1970 to September 30, 1971 17 October 1, 1969 to September 30, 1970 18 October 1, 1968 to September 30, 1969 19 October 1, 1967 to September 30, 1968 20 October 1, 1966 to September 30, 1967 21 October 1, 1965 to September 30, 1966 22 October 1, 1964 to September 30, 1965 23 October 1, 1963 to September 30, 1964 24 October 1, 1962 to September 30, 1963 25 October 1, 1961 to September 30, 1962 26 October 1, 1960 to September 30, 1961 27 October 1, 1959 to September 30, 1960 28 October 1, 1958 to September 30, 1959 29 October 1, 1957 to September 30, 1958 30(2) The recalculated retirement allowance as supplemented by this section shall be the basis on which future adjustments to the allowance are calculated.
History: Add. 1987, Act 58, Imd. Eff. June 23, 1987