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2004 Senate Bill 1021

Public Act 83 of 2004

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1) Benefit Cap  by Anonymous Citizen on April 1, 2004 
How is it possible for a State Police officer, or any public servant, able to retire with anywhere near $90,000 to$160,000 annual benefit? How will this additional time be figured in to the retirement benefits? How many people are eligible to retire with these benefits?
I certainly hope I misread the bill.
I will be looking for answers
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2) 2004 Senate Bill 1021  by admin on January 1, 2001 
Introduced in the Senate on February 25, 2004, to count the banked leave and furlough hours accumulated by State Police employees (part of Gov. Granholm’s 2003 budget balancing plan) as full credited service for the purpose of determining their pension benefit, and raise the current $90,000 annual retirement benefit cap to $160,000. The bill would also implement a deferred retirement option plan (DROP), allowing officers with 25 or more years of service to keep working for another six years, while also earning interest on their deferred pension benefits

The vote was 38 in favor, 0 opposed and 0 not voting

(Senate Roll Call 126 at Senate Journal 25)

Click here to view bill details.
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