Introduced
by
To add a provision to the school pension law to accommodate the <a href="http://www.michiganvotes.org/2017-SB-401">2017 pension reform</a> that makes a 401k system with generous employer contributions the default for new school employees. The bill clarifies that these same benefits would apply to school employees hired before 2012 who under a law passed that year chose to freeze their pension and take a defined benefit contributions for their remaining years of employment specifies the state account from which the employer contributions for the employees must come, subject to legislative appropriations.
Referred to the Committee on Financial Liability Reform
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Passed in the House 106 to 1 (details)
Referred to the Committee on Education
Reported without amendment
With the recommendation that the substitute (S-3) be adopted and that the bill then pass.
Passed in the Senate 37 to 0 (details)
To add a provision to the school pension law to accommodate the <a href="http://www.michiganvotes.org/2017-SB-401">2017 pension reform</a> that makes a 401k system with generous employer contributions the default for new school employees. The bill clarifies that these same benefits would apply to school employees hired before 2012 who, under a law passed that year, chose to freeze their pension and take a defined benefit contributions for their remaining years of employment specifies the state account from which the employer contributions for the employees must come, subject to legislative appropriations.
Passed in the House 108 to 0 (details)
To concur with the Senate-passed version of the bill.
