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  • MCL Article IX 24

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    Chris Herzeca
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    michigan constitution and pensions

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    Mcl Article IX 24

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    michigan constitution and pensions

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    18 views1 page

    MCL Article IX 24

    Uploaded by

    Chris Herzeca
    michigan constitution and pensions

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    STATE CONSTITUTION (EXCERPT) CONSTITUTION OF MICHIGAN OF 1963 24 Public pension plans and retirement systems, obligation. Sec. 24.

    . The 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. Financial benefits, annual funding. Financial 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.
    History: Const. 1963, Art. IX, 24, Eff. Jan. 1, 1964.

    Rendered Friday, June 28, 2013

    Page 1

    Michigan Compiled Laws Complete Through PA 76 of 2013

    Legislative Council, State of Michigan

    Courtesy of www.legislature.mi.gov

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