Mich. Comp. Laws § 38.20a
This is the official text of Mich. Comp. Laws § 38.20a, part of Michigan’s Comp. Laws — part of the compiled statutory law of Michigan, published by the state as "Comp. Laws." Browse the sections below, each linked to its official government source.
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Minimum retirement allowance.
Official statutory text
Sec. 20a.
After July 1, 1968 a retirant or a member who subsequently retires under the provisions of this act and who has completed at least 10 years of service shall receive a total retirement allowance of not less than $60.00 multiplied by his or her total number of years, but not to exceed 30 years of service credited to his or her account. Effective January 1, 1988, if the annual retirement allowance of a retirant or retirement allowance beneficiary of a retirant who has 20 or more years of credited service, after recalculation as provided by sections 19(2), 20(6), and 20h, is less than $3,000.00, then the annual retirement allowance shall be increased to $3,000.00.
History: Add. 1957, Act 232, Eff. Sept. 27, 1957; Am. 1968, Act 94, Imd. Eff. June 4, 1968; Am. 1987, Act 57, Imd. Eff. June 23, 1987
After July 1, 1968 a retirant or a member who subsequently retires under the provisions of this act and who has completed at least 10 years of service shall receive a total retirement allowance of not less than $60.00 multiplied by his or her total number of years, but not to exceed 30 years of service credited to his or her account. Effective January 1, 1988, if the annual retirement allowance of a retirant or retirement allowance beneficiary of a retirant who has 20 or more years of credited service, after recalculation as provided by sections 19(2), 20(6), and 20h, is less than $3,000.00, then the annual retirement allowance shall be increased to $3,000.00.
History: Add. 1957, Act 232, Eff. Sept. 27, 1957; Am. 1968, Act 94, Imd. Eff. June 4, 1968; Am. 1987, Act 57, Imd. Eff. June 23, 1987
Status: in_force · Read it on the official government site
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