2011 Senate Bill 797 / 2012 Public Act 347

Cap municipal pension board travel expenses and more

Introduced in the Senate

Nov. 3, 2011

Introduced by Sen. Mark Jansen (R-28)

Go cap municipal and state pension board spending on board members' travel and training expenses at $150,000 per year, and $30,000 maximum per board member. The bill also proposes specific pension system transparency requirements; restricts payments to service providers who made large political contributions; increases limits on how much can be invested in real estate, "private equity" and global equities; establishes other regulations on investment service providers; and more.

Referred to the Committee on Appropriations

May 15, 2012

Reported without amendment

With the recommendation that the substitute (S-3) be adopted and that the bill then pass.

May 29, 2012

Substitute offered

The substitute passed by voice vote

Passed in the Senate 30 to 5 (details)

Received in the House

May 29, 2012

Referred to the Committee on Appropriations

Aug. 15, 2012

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Sept. 19, 2012

Passed in the House 104 to 1 (details)

Go cap municipal and state pension board spending on board members' travel and training expenses at $150,000 per year, and $30,000 maximum per board member. The bill also proposes specific pension system transparency requirements; restricts payments to service providers who made large political contributions; increases limits on how much can be invested in real estate, "private equity" and global equities; establishes other regulations on investment service providers; and more.

Signed by Gov. Rick Snyder

Dec. 5, 2012