Introduced
by
To add a provision to the school pension law to accommodate the <a href="http://www.michiganvotes.org/2017-SB-401">2017 pension reform</a> that makes a defined contribution system with substantial employer contributions the default for new school employees. The bill requires the legislature to appropriate money for this each year and specifies the state account from which the employer contributions must come.
Referred to the Committee on Financial Liability Reform
Reported without amendment
With the recommendation that the substitute (H-3) be adopted and that the bill then pass.
Passed in the House 106 to 1 (details)
To add a provision to the school pension law to accommodate the <a href="http://www.michiganvotes.org/2017-SB-401">2017 pension reform</a> that makes a defined contribution system with generous employer contributions the default for new school employees. The bill specifies the state account from which the employer contributions must come, subject to legislative appropriations.
Referred to the Committee on Education
