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2010 House Bill 5953: Create school employee early retirement incentives
  1. Introduced by Rep. Bill Rogers (R) on March 11, 2010, School employment early retirement to increase the pension benefits of school employees who have 30 years of “service credits” and choose to retire between July 1, 2010 and Aug. 31, 2010 by 6.7 percent. Eligible employees who do not retire at this time would lose their post-retirement vision and dental insurance benefit. They would also have to pay an additional 3 percent of their salary into the pension fund, but would accumulate no further pension-increasing “service credits” under it, instead receiving contributions to a 401K-type account. New employees would be given a slightly less generous defined-benefit (traditional) pension plan that would pay benefits starting at age 65 rather than 55 under the current system. More details here.
    • Referred to the House Oversight And Investigations Committee on March 11, 2010.
    • Motion in the House on May 6, 2010.
    • The motion passed by voice vote in the House on May 11, 2010.
    • Referred to the House Oversight And Investigations Committee on May 18, 2010.

Comments

Re: 2010 House Bill 5953 (Create school employee early retirement incentives )  by TWO19BARB on April 1, 2010 

 A SMALL INCREASE TEACHER RETIREMENT INCENTIVE IS NEEDED (1.5% TO 1.6%) TO ALLOW THOSE VETERAN TEACHERS WHO ARE ELIGIBLE TO RETIRE, THE OPPORTUNITY (AND INCENTIVE) TO RETIRE!


MICHIGAN SCHOOL DISTRICTS ARE EXPECTING TO LAY-OFF THOUSANDS OF TEACHERS....WHO WILL BE COLLECTING UNEMPLOYMENT COMPENSATION! IS THIS WHAT YOU WANT???????


ALSO, OUR MICHIGAN  COLLEGE "EDUCATION" GRADUATES ARE UNABLE TO SECURE TEACHING POSITIONS IN THE STATE THAT THEY RESIDE IN!  OUR CHILDREN ARE LEAVING THE STATE OF MICHIGAN TO FIND JOBS! IS THIS WHAT YOU WANT?????


PLEASE, PLEASE RECONSIDER THE RETIREMENT INCENTIVE FOR THOSE EDUCAOTRS WHO ARE "SITTING ON THE FENCE" AND ARE ELIBLE TO RETIRE!


IN THE LONG RUN..............IT WOULD CERTAINLY BE WORTH IT AND MAKES ALOT MORE SENSE!!!!!



2010 House Bill 5953 (Create school employee early retirement incentives )  by admin on January 1, 2001 
Introduced in the House on March 11, 2010

Click here to view bill details.