Introduced
by
To repeal a provision of the <a href="http://www.michiganvotes.org/2017-SB-401">2017 school pension reform</a> law that makes new employees liable for half of any future underfunding if they choose to enroll in an optional “defined benefit” pension system. The reform made a defined contribution 401k type system with generous employer contributions the default option for new school employees. This is part of a Democratic teacher incentives package comprised of Senate Bills 764 to 782.
Referred to the Committee on Education
