Sec. 602.
If a change or error in the records of the retirement system results in a retirant, retirement allowance beneficiary, or refund beneficiary receiving from the retirement system more or less than the retirant, retirement allowance beneficiary, or refund beneficiary would have been entitled to receive had the records been correct, the retirement system shall as far as practical correct the error, and may adjust the payment to provide an actuarial equivalent of the benefit to which the retirant, retirement allowance beneficiary, refund beneficiary, estate, or legal representative was correctly entitled. The retirement system shall not make an adjustment in benefits for an error totaling $20.00 or less annually.
History: 1992, Act 234, Eff. Mar. 31, 1993
Structure Michigan Compiled Laws
Chapter 38 - Civil Service and Retirement
Act 234 of 1992 - The Judges Retirement Act of 1992 (38.2101 - 38.2670)
Article VI - (38.2601...38.2608)
Section 38.2601 - False Statement or Violation as Misdemeanor; Penalty.
Section 38.2602 - Change or Error in Records; Adjustment.
Section 38.2603 - Retirement Board Member or Employee; Prohibited Acts.
Section 38.2607 - Repeal of MCL 38.801 to 38.831, 38.901 to 38.933, and 600.2530a.