To extend for one year the Dec. 31, 2014 sunset on a law <a href="http://www.michiganvotes.org/2012-SB-1129">passed in 2012</a> to allow local governments to borrow money to cover unfunded employee pension liabilities, which is allowed if the local has closed its traditional “defined benefit” pension system to new employees.
107 Yeas / 1 Nay | |
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Excused or Not Voting (2) | |
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