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2016 House Bill 5421: Revise government retiree insurance/Detroit bankruptcy detail

Public Act 557 of 2016

Introduced by Rep. Laura Cox R-Livonia on March 2, 2016
To revise a 1999 law that authorizes prefunding post-retirement health insurance benefits for government employees, so as to accommodate the Detroit city bankruptcy and a potential Detroit school district bankruptcy. Among other things the bill creates rules for compensation paid to board members on government trusts created for this purpose.   Official Text and Analysis.
Referred to the House Financial Liability Reform Committee on March 2, 2016
Received in the Senate on April 19, 2016
Referred to the Senate Appropriations Committee on April 19, 2016
Referred to the Senate Government Operations Committee on September 8, 2016
Reported in the Senate on September 8, 2016
With the recommendation that the bill pass.
Received in the House on December 14, 2016
To concur with the Senate-passed version of the bill.
Signed by Gov. Rick Snyder on January 6, 2017