Mich. Admin. Code R. 38.1130
Current through Vol. 24-22, December 15, 2024
Rule 130. When the act requires that a person be 50% or more financially dependent to be eligible to receive a retirement benefit, or to be designated as a potential retirement allowance beneficiary, a spouse or unmarried child under the age of 18 shall be presumed to be 50% or more dependent. For all other persons, proof of dependency shall be based upon a formula which recognizes all sources of income, including income derived from assets, plus all income received by the member or former member. The resulting sum thereof shall be divided by 4 to determine 50% of the person's own personal support. A financial statement and any other financial records deemed desirable shall be required for verifying eligibility.
Mich. Admin. Code R. 38.1130