2017 Senate Bill 688 / Public Act 203

Establish funding requirements for municipal employee retirement benefits

Introduced in the Senate

Nov. 30, 2017

Introduced by Sen. Mike Shirkey (R-16)

To revise a law that requires a local government to post online steps it may be taking to decrease unfunded retirement benefit promised to employees, and replace the disclosure requirements in this law with the ones proposed by Senate Bill 686.

Referred to the Committee on Michigan Competitiveness

Dec. 6, 2017

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

Dec. 7, 2017

Passed in the Senate 36 to 0 (details)

Received in the House

Dec. 12, 2017

Passed in the House 107 to 2 (details)

To revise a law that requires a local government to post online steps it may be taking to decrease unfunded retirement benefit promised to employees, and replace the disclosure requirements in this law with the ones proposed by Senate Bill 686.

Signed by Gov. Rick Snyder

Dec. 19, 2017