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Document Type(s): Bills
Legislative Session(s): 2011-2012
Detailed Category: Retirement: defined contribution
(3 results found)
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Document Type Description
SB 0408 of 2011 Senate Bill Retirement; state employees; option to remain in Tier 1 defined benefit system and make contributions; provide to current members and provide for health reimbursement account transfers in lieu of health coverage premiums for Tier 2 defined contribution participants. Amends secs. 1b, 20, 27, 35, 38, 47, 48, 49, 50, 55, 64, 65, 67a, 68 & 68c of 1943 PA 240 (MCL 38.1b et seq.) & adds secs. 20j, 35a, 50a, 68b & 68e. TIE BAR WITH: SB 0407'11
Last Action: REFERRED TO COMMITTEE ON APPROPRIATIONS
HB 4701 of 2011
(PA 264 of 2011)		 House Bill Retirement; state employees; option to remain in Tier 1 defined benefit system and make contributions; provide to current members and provide for health reimbursement account transfers in lieu of health coverage premiums for Tier 2 defined contribution participants. Amends secs. 1b, 1e, 20, 27, 35, 38, 47, 48, 49, 50, 55, 64, 65, 67a, 68 & 68c of 1943 PA 240 (MCL 38.1b et seq.) & adds secs. 20j, 35a, 50a, 63a, 68b & 68e. TIE BAR WITH: HB 4702'11
Last Action: assigned PA 264'11 with immediate effect
SB 1040 of 2012
(PA 0300 of 2012)		 Senate Bill Retirement; public school employees; member contributions; increase contribution to member investment plan and require all Tier 1 members to contribute at least 5% of compensation. Amends title & secs. 5, 6, 8, 25, 28, 41, 41a, 42, 43a, 43e, 81b, 84, 91, 108, 124 & 131 of 1980 PA 300 (MCL 38.1305 et seq.); adds secs. 43g, 59, 81d, 84b, 91a, 92b, 93 & 131a & repeals sec. 43d of 1980 PA 300 (MCL 38.1343d).
Last Action: ASSIGNED PA 0300'12 WITH IMMEDIATE EFFECT