Sec. 103.
(1) The percentage increase to the monthly retirement allowance payable to a retirant or retirement allowance beneficiary under section 27d of chapter I or section 25a of chapter II of former Act No. 136 of the Public Acts of 1945, is continued as provided in this section.
(2) After June 30, 1974, the monthly retirement allowance payable to a retirant or retirement allowance beneficiary who was on the rolls for June, 1973, is supplemented as follows:
| Effective Date of Retirement | Increase | |
| July 1, 1972, to June 30, 1973 | 1% | |
| July 1, 1971, to June 30, 1972 | 2% | |
| July 1, 1970, to June 30, 1971 | 3% | |
| July 1, 1969, to June 30, 1970 | 4% | |
| July 1, 1968, to June 30, 1969 | 5% | |
| July 1, 1967, to June 30, 1968 | 6% | |
| July 1, 1966, to June 30, 1967 | 7% | |
| July 1, 1965, to June 30, 1966 | 8% | |
| July 1, 1964, to June 30, 1965 | 9% | |
| July 1, 1963, to June 30, 1964 | 10% | |
| July 1, 1962, to June 30, 1963 | 11% | |
| July 1, 1961, to June 30, 1962 | 12% | |
| July 1, 1960, to June 30, 1961 | 13% | |
| July 1, 1959, to June 30, 1960 | 14% | |
| July 1, 1958, to June 30, 1959 | 15% | |
| July 1, 1957, to June 30, 1958 | 16% | |
| July 1, 1956, to June 30, 1957 | 17% |
History: 1980, Act 300, Imd. Eff. Oct. 31, 1980 ;-- Am. 1985, Act 91, Imd. Eff. July 10, 1985
Last modified: October 10, 2016