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MI HB5921

Bill

Official Source

Status

Introduced

6/25/2020

Primary Sponsor

Gregory Markkanen

Click for details

Origin

House of Representatives

100th Legislature

AI Summary

HB 5921 Summary

  • Requires the Office of Retirement Services to prepare a report within 3 years on the effects of 2020 amendments regarding retirant employment in school systems.

  • Report must be delivered to the Senate Majority Leader, Speaker of the House, and both Senate and House appropriations committees and fiscal agencies.

  • Report must include a complete list of all retirants employed by reporting units and the total earnings paid to each retirant.

  • Report must analyze how employment of retirants by reporting units affects the unfunded actuarial accrued liability of the retirement system.

  • Bill takes effect only if House Bill No. 5497 of the 100th Legislature is enacted into law.

Legislative Description

Retirement: public school employees; office of retirement services report on employment of certain retired teachers; require to provide to legislature. Amends 1980 PA 300 (MCL 38.1301 - 38.1437) by adding sec. 61a. TIE BAR WITH: HB 5497'20

Retirement: public school employees

Last Action

Bill Electronically Reproduced 06/25/2020

7/21/2020

Committee Referrals

Education6/25/2020

Full Bill Text

No bill text available