2017 House Bill 5093 / 2018 Public Act 169

Revise school pension details to accommodate 2017 reform

Introduced in the House

Oct. 12, 2017

Introduced by Rep. Beau LaFave (R-108)

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 401k system with generous employer contributions the default for new school employees. The bill clarifies that these same benefits would apply to school employees hired before 2012 who under a law passed that year chose to freeze their pension and take a defined benefit contributions for their remaining years of employment specifies the state account from which the employer contributions for the employees must come, subject to legislative appropriations.

Referred to the Committee on Financial Liability Reform

Oct. 25, 2017

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

Nov. 7, 2017

Passed in the House 106 to 1 (details)

Received in the Senate

Nov. 9, 2017

Referred to the Committee on Education

May 9, 2018

Reported without amendment

With the recommendation that the substitute (S-3) be adopted and that the bill then pass.

May 16, 2018

Passed in the Senate 37 to 0 (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 401k system with generous employer contributions the default for new school employees. The bill clarifies that these same benefits would apply to school employees hired before 2012 who, under a law passed that year, chose to freeze their pension and take a defined benefit contributions for their remaining years of employment specifies the state account from which the employer contributions for the employees must come, subject to legislative appropriations.

Received in the House

May 22, 2018

Passed in the House 108 to 0 (details)

To concur with the Senate-passed version of the bill.

Signed by Gov. Rick Snyder

June 3, 2018