Introduced
by
To permit a local government to that has chosen to have its employee retirement benefits administered by a Municipal Employees Retirement System (MERS) to withdraw from that system, if it adopts a benefit funding system that meets the funding requirements proposed by Senate Bill 686.
Referred to the Committee on Michigan Competitiveness
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 36 to 0 (details)
To add a reference to the law authorizing a Municipal Employees Retirement System (MERS) to reflect the funding disclosure and oversight requirements proposed by Senate Bill 686.
Referred to the Committee on Michigan Competitiveness
