MI SB0906

Increases annual retirement pay for National Guard and defense force members with 20+ years of service who retire at age 62 or older from $600 to $720 per year.

Increases annual retirement pay for members retiring under other qualifying circumstances (federal ineligibility, physical disqualification, or honorable separation) from $600 to $720 per year upon attaining age 55.

Increases surviving spouse benefits from $500 to $600 per year for spouses of deceased members who completed 20+ years of service and met retirement eligibility criteria.

Updates statutory language to use "individual" instead of "person" throughout the section for consistency.