2005 House Bill 5314 (Not put new community college employees in MPSERS )

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Introduced by Rep. Lorence Wenke (R) on October 18, 2005, to not place new community college employees in the Michigan Public School Employees Retirement System (MPSERS teacher pension system), but instead allow them to participate in a defined contribution (401k-type) retirement plan .
- Referred to the House Higher Education Committee on October 18, 2005.
  - Reported in the House on November 9, 2005, with the recommendation that the substitute (H-1) be adopted and that the bill then pass.
- Substitute offered in the House on December 8, 2005, to replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described. The substitute passed in the House by voice vote on December 8, 2005.
- Amendment offered by Rep. Lorence Wenke (R) on December 8, 2005, to move back the date the bill goes into effect until July 1, 2006. The amendment passed in the House by voice vote on December 8, 2005.

Most Recent Comments

1) ? [by Anonymous Citizen on December 10, 2005]
Is this 401 going to be a self paid thing, or is the state going to start matching funds? If so just where will the money for this come from? It is truly amazing how some can think up yet new ways to spend tax money.
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2) 2005 House Bill 5314 (Not put new community college employees in MPSERS ) [by admin on January 1, 2001]
Introduced in the House on October 18, 2005

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