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2017 House Bill 5093: Revise school pension details to accommodate 2017 reform

Public Act 169 of 2018

Introduced by Rep. Beau LaFave (R) on October 12, 2017
To add a provision to the school pension law to accommodate the 2017 pension reform 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.   Official Text and Analysis.
Referred to the House Financial Liability Reform Committee on October 12, 2017
Reported in the House on October 25, 2017
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Passed 106 to 1 in the House on November 7, 2017.
    See Who Voted "Yes" and Who Voted "No".
(same description)
To add a provision to the school pension law to accommodate the 2017 pension reform 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 Senate on November 9, 2017
Referred to the Senate Education Committee on November 9, 2017
Reported in the Senate on May 9, 2018
With the recommendation that the substitute (S-3) be adopted and that the bill then pass.
Passed 37 to 0 in the Senate on May 16, 2018.
    See Who Voted "Yes" and Who Voted "No".
To add a provision to the school pension law to accommodate the 2017 pension reform 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 on May 22, 2018
Passed 108 to 0 in the House on May 22, 2018.
    See Who Voted "Yes" and Who Voted "No".
To concur with the Senate-passed version of the bill.
Signed by Gov. Rick Snyder on June 3, 2018

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