{"data":{"id":"us-mi/mich.-comp.-laws-38.1640a","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 38.1640a","heading":"Retirement allowance of retirant or retirement allowance beneficiary; increase; amount; limitation.","body":"Sec. 40a.\n\nEffective October 1, 1996, after the retirant's or retirement allowance beneficiary's retirement allowance is increased under section 39a or 40, as applicable, a retirant or a retirement allowance beneficiary is entitled to have his or her retirement allowance increased as provided in this section. The retirement allowance of a retirant or retirement allowance beneficiary shall be increased each October 1, beginning with the later of October 1, 1995 or the first October 1 that is at least 12 months after the retirement allowance effective date.\n\nThe amount of the annual increase under this section shall be 2% of the retirement allowance that would be payable without application of this section. The annual increase under this section shall not exceed $500.00.","path":["MI Code","Chapter 38","Act Act-182-of-1986"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-38-1640a","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"cf9734d13c63492c9ab5540e92a600d3b08ae6b5f150c7b60cd12792f3b516c3","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-38.1640","next":"us-mi/mich.-comp.-laws-38.1640b"},"notice":"GroundRules: Original legal text. Not legal advice."}