Income Stabilization Fund
If you timely filed an application for the Income Stabilization Fund (“ISF”)
program and were determined as an Eligible Pensioner by the Michigan Department of Treasury, your
March 1, 2015 pension benefit may include restoration of all, or a portion of, the 4.5% Benefit Reduction
and/or COLA reduction. Eligibility was based upon total household income equal to, or less than, 140%
of the Federal Poverty Line in 2013.
The Treasury Department calculated the amount of benefit you will receive, if any, under the State
Contribution Agreement, as an Income Stabilization Benefit amount or an Income Stabilization “Benefit
Plus” amount. An Income Stabilization Supplemental benefit, not greater than your 4.5% Benefit
Reduction, is paid however, only if your 2013 total household income (based upon household size) is
below 130% of the 2013 Federal Poverty Level.
An Income Stabilization Benefit Plus is paid, or may be paid at some time in the future, if your 2013
household income indexed for inflation is less than 105% of the Federal Poverty Level in the applicable
year. The Benefit Plus may restore the cumulative COLAs and 4.5% Benefit Reductions as a result of the
What you need to know about the Plan of Adjustment and how it affects you:
The latest information from the RSCD December 17th Informational Meetings on the POA and ISF program.