Sec. 40c.
(1) Beginning October 1, 2015, and subject to an annual appropriation, if the annual retirement allowance payable to a retirant or a retirement allowance beneficiary of a deceased retirant or member is less than $16,000.00 in the preceding fiscal year, the retirement system shall pay the retirant or retirement allowance beneficiary a supplemental benefit in the amount sufficient to produce an annual retirement allowance of $16,000.00 for the current fiscal year. This section only applies to a retirant or retirement allowance beneficiary of a deceased retirant or member who meets both of the following requirements:
(a) The retirant's or deceased retirant's effective date of retirement was before October 1, 1986 or the retirement allowance effective date for the retirement allowance beneficiary of the deceased member was before October 1, 1986.
(b) The retirant or retirement allowance beneficiary was in payment status on the rolls of the retirement system on or before the effective date of the amendatory act that added this section.
(2) The payment of the supplemental benefit provided in subsection (1) must be made on a schedule and in a manner determined by the office of retirement services.
History: Add. 2015, Act 168, Imd. Eff. Nov. 3, 2015
Structure Michigan Compiled Laws
Chapter 38 - Civil Service and Retirement
Act 182 of 1986 - State Police Retirement Act of 1986 (38.1601 - 38.1674)
Section 38.1601 - Short Title.
Section 38.1602 - Meanings of Words and Phrases.
Section 38.1603 - Definitions; B to L.
Section 38.1604 - Definitions; M to S.
Section 38.1605 - Michigan State Police Retirement System; Creation.
Section 38.1612 - State Police Retirement Board; Chairperson; Executive Secretary.
Section 38.1613 - Summary of Fiscal Transactions.
Section 38.1613a - Correction of Error; Benefit Payment Adjustment.
Section 38.1615a - Mandatory Contributions Into the Reserve for Employee Contributions.
Section 38.1620 - Administrative Expenses; Appropriation.
Section 38.1624a - Deferred Retirement Option Plan.
Section 38.1631 - Remarriage of Surviving Spouse.
Section 38.1632 - Purchase of Service Credit for Active Duty With Armed Forces.
Section 38.1635 - Partial Purchase of Service Credit.
Section 38.1636 - Reinstatement of Disability Retirant.
Section 38.1637 - Supplement to Retirement Allowance Under Former MCL 28.107(5).
Section 38.1638 - Supplement to Retirement Allowance Under Former MCL 28.108c.
Section 38.1639 - Supplement to Retirement Allowance on or After October 1, 1986.
Section 38.1640b - Recalculation of Retirement Allowance.
Section 38.1640c - Supplemental Benefit; Conditions.
Section 38.1641 - Retirement Allowance Increases for Command Officers; Effect on Salary Adjustments.
Section 38.1642b - Qualified Participant; Tier 1 and Tier 2 Vesting Schedule.
Section 38.1644 - Transfer of Records, Personnel, Property, or Funds to Retirement System.
Section 38.1646 - Savings Clause.
Section 38.1647 - Repeal of MCL 28.101 to 28.110.
Section 38.1648 - Effective Date; Exceptions.
Section 38.1660 - Implementation of Tier 2 Plan.
Section 38.1661 - Meanings of Words and Phrases.
Section 38.1662 - Definitions; a to C.
Section 38.1663 - Definitions; E to F.
Section 38.1664 - Definitions; P to R.
Section 38.1667 - Investment Options Under Tier 2 Plan; Limitations Do Not Apply.
Section 38.1668 - Payment of Administrative Expenses of Tier 2 Plan.
Section 38.1670 - Tier 2 Vesting and Contribution Requirements.
Section 38.1672 - Nomination of Refund Beneficiary; Requirements.
Section 38.1674 - Right of Setoff; Overpayments; Embezzlement or Fraud; Correction of Errors.