Legislation watch
Mackinac Center for Public Policy
Capitol Building

2007 House Bill 4766: Balance budget with reduced pension fund contribution

Public Act 22 of 2007

  1. Introduced by Rep. Lee Gonzales (D) on May 16, 2007, to change definitions in the school and state employees pension law so as to allow a one-time pension contribution that is less than the true actuarially sound amount under generally accepted accounting principles. The bill is one of several that are part of bipartisan plans to close a gap between desired spending and expected revenues in the Fiscal Year 2006-2007 budget.
    • Referred to the House Appropriations Committee on May 16, 2007.
      • Reported in the House on May 17, 2007, without amendment and with the recommendation that the bill pass.
  2. Passed 74 to 35 in the House on May 30, 2007.
    Who Voted "Yes" and Who Voted "No"

  3. Received in the Senate on May 31, 2007.
    • Referred to the Senate Appropriations Committee on May 31, 2007.
      • Reported in the Senate on June 12, 2007, with the recommendation that the bill pass.
  4. Passed 37 to 0 in the Senate on June 14, 2007, to change definitions in the school and state employees pension law so as to allow a one-time pension contribution that is less than the true actuarially sound amount under generally accepted accounting principles. The bill is one of several that are part of bipartisan plans to close a gap between desired spending and expected revenues in the Fiscal Year 2006-2007 budget.
    Who Voted "Yes" and Who Voted "No"

  5. Signed by Gov. Jennifer Granholm on June 26, 2007.

Comments