38.1404 Percentage increase to monthly retirement allowance payable under additional former provisions; continuation.
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38.1404 Percentage increase to monthly retirement allowance payable under additional former provisions; continuation.
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:
Supplement for
Effective Date of Retirement October 1, 1976 and 1977
July 1, 1975, to June 30, 1976 1%
July 1, 1974, to June 30, 1975 2%
July 1, 1973, to June 30, 1974 3%
July 1, 1972, to June 30, 1973 4%
July 1, 1971, to June 30, 1972 5%
July 1, 1970, to June 30, 1971 6%
July 1, 1969, to June 30, 1970 7%
July 1, 1968, to June 30, 1969 8%
Before July 1, 1968 8%
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Compiler's Notes: Act 136 of 1945, referred to in this section, was repealed by Act 300 of 1980.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