Introduced
by
To extend for one year the Dec. 31, 2014 sunset on a law <a href="http://www.michiganvotes.org/2012-SB-1129">passed in 2012</a> to allow local governments to borrow money to cover unfunded employee pension liabilities, which is allowed if the local has closed its traditional “defined benefit” pension system to new employees.
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Passed in the Senate 38 to 0 (details)
To extend for one year the Dec. 31, 2014 sunset on a law <a href="http://www.michiganvotes.org/2012-SB-1129">passed in 2012</a> to allow local governments to borrow money to cover unfunded employee pension liabilities, if the local has closed its traditional “defined benefit” pension system to new employees.
Referred to the Committee on Financial Liability Reform
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 107 to 1 (details)
To extend for one year the Dec. 31, 2014 sunset on a law <a href="http://www.michiganvotes.org/2012-SB-1129">passed in 2012</a> to allow local governments to borrow money to cover unfunded employee pension liabilities, which is allowed if the local has closed its traditional “defined benefit” pension system to new employees.
