2016 Senate Bill 738 / Public Act 145

Require more state pension fund disclosures

Introduced in the Senate

Feb. 2, 2016

Introduced by Sen. Darwin Booher (R-35)

To require that state pension systems include an executive summary of the system’s unfunded liabilities in annual reports they are already required to produce. This would apply to the separate systems for judges, State Police, state employees and school employees.

Referred to the Committee on Appropriations

Feb. 4, 2016

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

In the Senate

April 20, 2016

Reported without amendment

Without amendment and with the recommendation that the bill pass.

In the House

May 12, 2016

Passed in the House 108 to 0 (details)

To require that state pension systems include an executive summary of the system’s unfunded liabilities in annual reports they are already required to produce. This would apply to the separate systems for judges, State Police, state employees and school employees.

Signed by Gov. Rick Snyder

June 6, 2016