Mich. Comp. Laws § 38.572
This is the official text of Mich. Comp. Laws § 38.572, 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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Computation of liability for regular interest; inclusions; exclusions.
Official statutory text
Sec. 2.
The amount of interest used according to the provisions of this act shall be included as interest and other earnings on the money of the retirement system in the computation of any city, village, township, or county liability for regular interest. These supplemental benefits shall not be considered an increase in the rate of retirement allowances to be paid. They shall be on a year-to-year basis and shall not create a liability for their continuance.
History: 1966, Act 28, Imd. Eff. May 3, 1966; Am. 2002, Act 602, Imd. Eff. Dec. 20, 2002
The amount of interest used according to the provisions of this act shall be included as interest and other earnings on the money of the retirement system in the computation of any city, village, township, or county liability for regular interest. These supplemental benefits shall not be considered an increase in the rate of retirement allowances to be paid. They shall be on a year-to-year basis and shall not create a liability for their continuance.
History: 1966, Act 28, Imd. Eff. May 3, 1966; Am. 2002, Act 602, Imd. Eff. Dec. 20, 2002
Status: in_force · Read it on the official government site
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