A bill to amend 1943 PA 240, entitled “State employees’ retirement act,” by amending section 20g (MCL 38.20g), as amended by 1987 PA 241.
The bill revises the State Employees' Retirement Act to update the calculation and distribution of retirement benefits, including investment return assessments, annual increases, and supplemental payments, while removing certain previous limitations and conditions.
Co-sponsored by Reps.
Referred to the Committee on Labor
