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2018 Senate Bill 747: Increase National Guard director and assistant pensions

Public Act 378 of 2018

Introduced by Sen. Jim Stamas (R) on January 11, 2018
To revise the basis on which state retirement benefits for Michigan National Guard commanders and their assistants are determined, by no longer setting them in the same manner that federal military retirement system benefits are set.   Official Text and Analysis.
Referred to the Senate Appropriations Committee on January 11, 2018
Reported in the Senate on October 2, 2018
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Passed 37 to 0 in the Senate on November 27, 2018.
    See Who Voted "Yes" and Who Voted "No".
To grant state pensions equal to 45 percent of their final base pay for Michigan National Guard "Adjutant Generals" and Assistant Adjutant Generals. Under current law, these officials get a state pension equal to 2.5 percent their final pay times their years of Michigan service, and also get a federal pension (which would remain). The Senate Fiscal Agency estimates this will add $2.5 million to the pension system's liabilities.
Received in the House on November 27, 2018
Referred to the House Appropriations Committee on November 27, 2018
Reported in the House on December 4, 2018
Without amendment and with the recommendation that the bill pass.
Signed by Gov. Rick Snyder on December 18, 2018