Introduced
by
To revise a state reciprocal benefits act to align it with the proposal in Senate Bill 686 to establish local government retirement system funding requirements. This law allows a former government employee covered by a defined benefit pension system, who goes to work with another government agency, to add the pension credits earned under the previous government employer to those earned under the previous one.
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 revise a state reciprocal benefits act to align it with the proposal in Senate Bill 686 to establish local government retirement system funding disclosure requirements. This law allows a former government employee covered by a defined benefit pension system, who goes to work with another government agency, to add the pension credits earned under the previous government employer to those earned under the previous one.
Referred to the Committee on Michigan Competitiveness
