Michigan Laws 38.1639 – Supplement to retirement allowance on or after October 1, 1986
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 38.1639
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
On or after October 1, 1986, the monthly retirement allowance payable to a retirant or retirement allowance beneficiary who was on the rolls as such for September, 1984 is supplemented as follows:
| Effective Date of Retirement | Percent of Increase |
| October 1, 1983 to September 30, 1984 | 2 |
| October 1, 1982 to September 30, 1983 | 4 |
| October 1, 1981 to September 30, 1982 | 6 |
| October 1, 1980 to September 30, 1981 | 8 |
| October 1, 1979 to September 30, 1980 | 10 |
| October 1, 1978 to September 30, 1979 | 12 |
| October 1, 1977 to September 30, 1978 | 14 |
| October 1, 1976 to September 30, 1977 | 16 |
| October 1, 1975 to September 30, 1976 | 18 |
| October 1, 1974 to September 30, 1975 | 20 |
| October 1, 1973 to September 30, 1974 | 22 |
| October 1, 1972 to September 30, 1973 | 24 |
| October 1, 1971 to September 30, 1972 | 26 |
| October 1, 1970 to September 30, 1971 | 28 |
| Before October 1, 1970 | 30 |