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Mackinac Center for Public Policy
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2014 House Bill 5671: Restrict government pension “service credit” purchases
  1. Introduced by Rep. Phil Cavanagh (D) on June 12, 2014, to place additional restrictions on counties allowing an employee to purchase “service credits,” which is a scheme that allows government employees to artificially boost the years-on-the-job component of the formula used to calculate post-retirement pension benefit levels.
    • Referred to the House Financial Liability Reform Committee on June 12, 2014.