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MI HB5181
Bill
Status
12/5/2013
Primary Sponsor
Pat Somerville
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AI Summary
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Extends the sunset date from July 1, 2014 to July 1, 2016 for provisions allowing retirants in critical shortage disciplines to work without forfeiting retirement benefits.
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Allows retirants employed in critical shortage areas identified by the state superintendent to work up to 3 years without losing retirement allowance or health care subsidy, provided they have been retired for at least 12 months.
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Requires reporting units to pay 100% of unfunded actuarial accrued liability contribution rates for retiree health care and pension for retirants hired in critical shortage disciplines.
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Permits retirants to work as substitute teachers or instructional coaches/school improvement facilitators with earnings not exceeding 1/3 of final average compensation without losing benefits, with extended sunset to July 1, 2016 for substitute teacher provisions.
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Maintains general rules that retirants cannot earn new service credit or recompute benefits unless additional service equals 5 or more years (or 3 years if in member investment plan), and must pay contributions before any recomputation occurs.
Legislative Description
Retirement; public school employees; retirant employed in a critical shortage discipline area or to provide substitute teaching services without forfeiting retirement allowance; extend sunset. Amends sec. 61 of 1980 PA 300 (MCL 38.1361).
Retirement, public school employees
Last Action
Recommendation Concurred In
3/26/2014