July 20, 2017
The legislature finished up the budgets and left town for the summer, but they came back on July 12 to pass the “good jobs” package of bills that we opposed. Despite our efforts, there was enough horse-trading to get the votes needed to pass this poor excuse for substantive economic development policy. You can read more about that HERE.
On a positive note, a major step in addressing the unfunded liabilities of generous government employee benefits has been accomplished with the passage of NFIB backed Senate Bill 401. The legislation will address the ongoing liability of the state’s teacher pension system (Michigan Public School Employees Retirement System – MPSERS), by encouraging newly hired teachers to opt into a 401(k)-type defined contribution plan. The legislation was signed into law by Governor Snyder and is now Public Act 92 of 2017.
