Section 38.2602 - Change or error in records; adjustment.
THE JUDGES RETIREMENT ACT OF 1992 (EXCERPT)
Act 234 of 1992
38.2602 Change or error in records; adjustment.
Sec. 602.
If a change or error in the records of the retirement system results in a retirant, retirement allowance beneficiary, or refund beneficiary receiving from the retirement system more or less than the retirant, retirement allowance beneficiary, or refund beneficiary would have been entitled to receive had the records been correct, the retirement system shall as far as practical correct the error, and may adjust the payment to provide an actuarial equivalent of the benefit to which the retirant, retirement allowance beneficiary, refund beneficiary, estate, or legal representative was correctly entitled. The retirement system shall not make an adjustment in benefits for an error totaling $20.00 or less annually.
History: 1992, Act 234, Eff. Mar. 31, 1993