Introduced
by
To count the banked leave and furlough hours accumulated by State Police employees (part of Gov. Granholm’s 2003 budget balancing plan) as full credited service for the purpose of determining their pension benefit, and raise the current $90,000 annual retirement benefit cap to $160,000. The bill would also implement a deferred retirement option plan (DROP), allowing officers with 25 or more years of service to keep working for another six years, while also earning interest on their deferred pension benefits.
Referred to the Committee on Employee Relations, Training, and Safety
Passed in the House 109 to 0 (details)
Referred to the Committee on Local, Urban, and State Affairs
Reported without amendment
With the recommendation that the bill be referred to the Committee on Appropriations.
Referred to the Committee on Appropriations
Reported without amendment
With the recommendation that the bill pass.
Substitute offered
by
To replace the previous version of the bill with one containing technical changes that do not affect its substance as previously described.
The substitute passed by voice vote
Passed in the Senate 37 to 0 (details)
To count the banked leave and furlough hours accumulated by State Police employees (part of Gov. Granholm’s 2003 budget balancing plan) as full credited service for the purpose of determining their pension benefit, and raise the current $90,000 annual retirement benefit cap to $160,000. The bill would also implement a deferred retirement option plan (DROP), allowing officers with 25 or more years of service to keep working for another six years, while also earning interest on their deferred pension benefits.
Passed in the House 106 to 0 (details)
To concur with the Senate-passed version of the bill.
