Introduced
by
To repeal a provision of a 2017 <a href="https://www.michiganvotes.org/2017-SB-401">school pension reform law</a> that included allowing newly hired school employees the option of enrolling in either a 401k retirement account, or defined benefit pension system that if not properly funded by the state would make employees enrolled in it liable for part of the cost of correcting this. Previously, new school employees were enrolled in an underfunded defined benefit pension system holding well short of the amount needed to meet its promises to retirees.
Referred to the Committee on Education and Career Readiness
