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2004 Senate Bill 1021

Public Act 83 of 2004

Introduced by Sen. Cameron Brown (R) 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.   Official Text and Analysis.
Referred to the Senate Appropriations Committee on February 25, 2004
Reported in the Senate on March 9, 2004 With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered in the Senate on March 9, 2004 To replace the previous version of the bill with one that transfers some of the provisions related to the banked leave and furlough hours of command officers to the House version of the same bill, HB 5279.
The substitute passed by voice vote in the Senate on March 9, 2004
Passed 38 to 0 in the Senate on March 10, 2004.
    See Who Voted "Yes" and Who Voted "No".
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.
Received in the House on March 10, 2004
Referred to the House Appropriations Committee on March 10, 2004
Reported in the House on March 25, 2004 Without amendment and with the recommendation that the bill pass.
Passed 105 to 0 in the House on March 30, 2004.
    See Who Voted "Yes" and Who Voted "No".
(same description)
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.
Signed by Gov. Jennifer Granholm on April 22, 2004

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