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General Retirement System Forms
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The purpose of this booklet
is to give you a general understanding in layman’s language of the main provisions of
the General Retirement System of the City of Detroit. The operations of the Retirement
System are governed by the pertinent provisions of any applicable federal law, the State
Constitution, state statues, the City Charter, City ordinances, applicable collective
bargaining agreements, and continuing Board policies, procedures and regulations. If you
are covered by a collective bargaining agreement, the provisions of the collective
bargaining agreement relative to pension benefits are controlling in the event of a
conflict between the (1) terms of the collective bargaining agreement or (2) the City
Charter, ordinances or information in this booklet. The Board of Trustees of the General
Retirement System is vested with the authority for the operation, management and
administration of the Retirement System, consistent with the above, and has certain
rulemaking and policy-making authority, subject to the aforementioned legal authority.
WE URGE YOU TO FAMILIARIZE YOURSELF WITH THE PROVISIONS OF YOUR RETIREMENT SYSTEM. YOU SHOULD FAMILIARIZE YOURSELF WITH THE TERMS OF YOUR COLLECTIVE BARGAINING AGREEMENT WHICH WILL CONTROL IN THE EVENT OF ANY CONFLICT WITH THE INFORMATION PRESENTED ON THIS PAGE. Get responses to some of the most frequently asked questions by active employees, just follow the links....... WHEN MAY I RETIRE? HOW IS RETIREMENT SERVICE CREDIT EARNED? HOW IS THE AMOUNT OF MY RETIREMENT ALLOWANCE COMPUTED? WHAT IF I ELECT THE EARLY RETIREMENT OPTION? A STRAIGHT LIFE RETIREMENT ALLOWANCE PROVIDES ME WITH PAYMENTS FOR LIFE. A. CAN I PROTECT A BENEFICIARY BY ELECTING SOME OTHER FORM OF PAYMENT? B. CAN I PROTECT MYSELF IN CASE MY BENEFICIARY PREDECEASES ME? CAN I COORDINATE MY RETIREMENT ALLOWANCE WITH MY SOCIAL SECURITY BENEFIT? WHAT IF I BECOME TOTALLY AND PERMANENTLY DISABLED? WHAT IF I DIE BEFORE RETIRING? IF I SEPARATE BEFORE MY RETIREMENT ELIGIBILITY, DO I RECEIVE A PENSION? WILL I GET CREDIT FOR MILITARY SERVICE? IS MY RETIREMENT ALLOWANCE SAFE? WHO PAYS FOR RETIREMENT SYSTEM BENEFITS? HOW ARE RETIREMENT SYSTEM FUNDS INVESTED? IS PROVISION MADE FOR INCREASED LIVING COSTS AS A RESULT OF INFLATION AFTER I AM RETIRED? ARE RETIREMENT BENEFITS SUBJECT TO FEDERAL, STATE OF MICHIGAN OR LOCAL INCOME TAX? SUPPOSE MY SPOUSE AND I DIVORCE BEFORE I RETIRE, ARE MY BENEFITS AFFECTED? IF I CHOSE A JOINT AND SURVIVOR ALLOWANCE OPTION, IS MY BENEFICIARY ENTITLED TO FRINGE BENEFITS? |
