MI · constitutions
Mich. Const. art. IX, § 24
Public pension plans and retirement systems, obligation
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 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
Provenance
- Source
- legislature.mi.gov
- Retrieved
- 2026-09-29
- Edition
- supplied-2026-09-07
- Content hash
e449eae30d5a01f8b6e817dc28f708f3895d8cf286957ca1a25aff11648813f4
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