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MI HB5303
Bill
Status
12/7/2017
Primary Sponsor
Kathy Crawford
Click for details
AI Summary
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Amends MCL 41.110b to make township employee retirement and benefit programs subject to the Protecting Local Government Retirement and Benefits Act
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Authorizes townships to establish retirement systems, purchase insurance contracts, and arrange prepayment plans for life, accident, dental, vision, health, hospitalization, and medical/surgical coverage for officers, employees, and their dependents
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Permits townships to establish cafeteria plans under Internal Revenue Code Section 125 and contract with annuity or pension providers, with ability to deduct employee contributions from pay
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Allows automatic enrollment of eligible officers and employees in insurance or coverage plans, with opt-out provisions requiring written notice before coverage begins
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Contingent on enactment of House Bill 5298 or Senate Bill number to be specified; does not take effect otherwise
Legislative Description
Retirement; other; retirement benefits for township employees subject to the protecting local government retirement and benefits act; provide for. Amends sec. 110b of 1846 RS 16 (MCL 41.110b). TIE BAR WITH: HB 5298'17
Townships: employees and officers
Last Action
Referred To Committee On Government Operations
12/12/2017