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Key Votes

Sub for SB 547 - Public School Employee Retirement Plan - Key Vote

Michigan Key Votes

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Note

NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.

Stage Details

Legislation - Replaced by Substitute (House) -
Legislation - Bill Passed (Senate) (20-17) - (Key vote)

Title: Public School Employee Retirement Plan

Vote Smart's Synopsis:

Vote to pass a bill that makes changes to the Michigan Public School Employees Retirement System.

Highlights:
-Increases required contributions for members of the Public School Employees Retirement System that make over $15,000 a year in compensation to $510 plus 6.4 percent of the excess over $15,000. -Requires the retirement system to pay up to 90 percent, rather than the previous 100 percent, of medical costs for a member who is at least sixty with thirty years of service.
Legislation - Introduced (Senate) -

Title: Public School Employee Retirement Plan

Sponsors

  • Wayne Kuipers (MI - R) (Out Of Office)
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