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MI HB5671

Bill

Status

Introduced

6/12/2014

Primary Sponsor

Phil Cavanagh

Click for details

Origin

House of Representatives

97th Legislature

AI Summary

HB 5671 Summary

  • Amends the county employees' retirement system statute to add restrictions on service credit purchases and new benefit additions to county pension plans.

  • Prohibits county boards from crediting employees for purchased service unless that purchased service is followed by at least 5 years of actual county employment.

  • Requires county boards to obtain board of trustees approval, maintain current employer/member contribution payments, and achieve 100% plan funding before adding any new benefits to established retirement plans.

  • Modifies language throughout the statute by replacing "pursuant to" with "under" for grammatical consistency.

  • Mandates that county boards establish written policies to uniformly apply retirement plan provisions to all members.

Legislative Description

Retirement; defined benefit; county board of commissioners; prohibit the purchase of service credit or the addition of a new benefit unless certain criteria are met. Amends sec. 12a of 1851 PA 156 (MCL 46.12a).

Counties, boards and commissions

Last Action

Printed Bill Filed 06/13/2014

7/16/2014

Committee Referrals

Financial Liability Reform6/12/2014

Full Bill Text

No bill text available