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Michigan Legislative Retirement System Act (Excerpt) Act 261 Of 1957

Published: 2015

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Act 261 of 1957

38.1012 “Retirement allowance” defined.

Sec. 12.

“Retirement allowance” means a series of equal monthly payments payable at the end of each calendar month to a person while he or she is a retirant. The first payment shall be prorated for any fraction of a month from the date of retirement to the end of the first month, but a deduction from the regular monthly payment shall not be made for any fraction of a month remaining at the time of the retirant's death.

History: 1957, Act 261, Eff. Sept. 27, 1957


Am. 1970, Act 237, Eff. Jan. 1, 1971


Am. 1981, Act 123, Imd. Eff. July 23, 1981


Am. 1987, Act 58, Imd. Eff. June 23, 1987

© 2015 Legislative Council, State of Michigan