2015 Senate Bill 292 / 2016 Public Act 221

Disclose unfunded pension liabilities costs in state budget

Introduced in the Senate

April 23, 2015

Introduced by Sen. John Proos (R-21)

To require the executive budget the governor must submit each year to include an accounting by department of how much is needed pay the annual "catch up" costs on unfunded liabilities incurred to pay future pension and post-retirement health benefits promised to retired state employees.

Referred to the Committee on Appropriations

Dec. 10, 2015

Reported without amendment

With the recommendation that the bill pass.

Feb. 10, 2016

Passed in the Senate 37 to 0 (details)

Received in the House

Feb. 10, 2016

Referred to the Committee on Financial Liability Reform

April 20, 2016

Reported without amendment

Without amendment and with the recommendation that the bill pass.

June 1, 2016

Passed in the House 109 to 0 (details)

To require the executive budget the governor must submit each year to include an accounting by department of how much is needed pay the annual "catch up" costs on unfunded liabilities incurred to pay future pension and post-retirement health benefits promised to retired state employees.

Signed by Gov. Rick Snyder

June 22, 2016