{"data":{"id":"us-mi/mich.-comp.-laws-article-ix-24","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § Article IX § 24","heading":"Public pension plans and retirement systems, obligation.","body":"Sec. 24.\n\nThe accrued financial benefits of each pension plan and retirement system of the state and its political subdivisions shall be a contractual obligation thereof which shall not be diminished or impaired thereby.\n\nFinancial benefits arising on account of service rendered in each fiscal year shall be funded during that year and such funding shall not be used for financing unfunded accrued liabilities.","path":["MI Code","Chapter 1","Act CONSTITUTION-OF-MICHIGAN-OF-1963"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-Article%20IX%20%C2%A7%2024","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"0e6798e4878cb27aded09a92a867c3999befd1dd640c606427ac896099bf8d5a","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-article-ix-23","next":"us-mi/mich.-comp.-laws-article-ix-25"},"notice":"GroundRules: Original legal text. Not legal advice."}