Michigan § 38.1624b - Members on or after June 10, 2012; minimum eligibility for retirement; application for retirement; amount of retirement allowance.
Full text of Michigan Michigan Compiled Laws § 38.1624b — Members on or after June 10, 2012; minimum eligibility for retirement; application for retirement; amount of retirement allowance., with citation guidance and answers to common questions.
§ 38.1624b. Members on or after June 10, 2012; minimum eligibility for retirement; application for retirement; amount of retirement allowance.
(1) A member who first became a member on or after June 10, 2012, who is at least 55 years of age and has at least 25 years of credited service under this act, or who is at least 60 years of age and has at least 10 years of credited service under this act, may retire on his or her written application to the retirement board, stating a date, not less than 30 days and not more than 90 days after the execution and filing of the application, he or she desires to retire.
(2) The calculation of a retirement allowance under this act for a member who first becomes a member on or after June 10, 2012 includes only the following, as applicable:
(a) 2% of final average compensation multiplied by years of service that do not exceed 25 years.
(b) For each year of service that exceeds 25 years, the 2% provided under this section must be reduced by 40 basis points for that applicable year until the percentage reaches 0% after years of service have exceeded 30 years.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 38.1624b
What does Michigan Compiled Laws § 38.1624b cover?
Section 38.1624b ("Members on or after June 10, 2012; minimum eligibility for retirement; application for retirement; amount of retirement allowance.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 38.1624b?
A common citation format is "Michigan Compiled Laws § 38.1624b" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 38.1624b apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.