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MI HB6332

Bill

Official Source

Status

Introduced

7/21/2010

Primary Sponsor

Douglas Geiss

Click for details

Origin

House of Representatives

95th Legislature

AI Summary

  • Amends the Home Rule City Act to add Section 4s, establishing a cap on defined benefit pension benefits for municipal employees hired on or after October 1, 2010
  • Limits maximum annual pension benefit to 55% of base pay for officers and employees in cities with defined benefit retirement systems
  • Defines base pay as hourly rate multiplied by 40 hours per week and 52 weeks per year
  • Excludes from base pay calculations: overtime pay, accrued sick leave or vacation time, bonus pay, health insurance and fringe benefits, and one-time lump-sum payments
  • Introduced July 21, 2010 by Rep. Geiss and referred to Committee on Intergovernmental and Regional Affairs

Legislative Description

Retirement; municipal employees; amount of defined benefit pension; limit as a percent of base pay. Amends 1909 PA 279 (MCL 117.1 - 117.38) by adding sec. 4s.

Retirement, municipal employees

Last Action

Printed Bill Filed 07/22/2010

7/28/2010

Committee Referrals

Intergovernmental & Regional Affairs7/21/2010

Full Bill Text

No bill text available