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using concise, plain and objective descriptions
Legislation watch
2016 Senate Bill 738: Require more state pension fund disclosures
Public Act 145 of 2016
Introduced by Sen. Darwin Booher R-Evart on February 2, 2016
To require that state pension systems include an executive summary of the system’s unfunded liabilities in annual reports they are already required to produce. This would apply to the separate systems for judges, State Police, state employees and school employees. Official Text and Analysis.
Referred to the House Appropriations Committee on February 2, 2016
Reported in the Senate on February 4, 2016
With the recommendation that the bill pass.
Received in the House on February 10, 2016
Referred to the House Financial Liability Reform Committee on February 10, 2016
Reported in the Senate on April 20, 2016
Without amendment and with the recommendation that the bill pass.
Signed by Gov. Rick Snyder on June 6, 2016