UPDATE (June 14): Late yesterday, new pension legislation was introduced based on a backroom deal reached between Gov. Snyder, Senate Majority Leader Arlan Meekhof, and Speaker of the House Tom Leonard.
Despite a lack of publicly available information about the deal, committees in the House and Senate rushed to hold early morning hearings today – and soon after voted the bills out for floor action. Republican leaders want to ram the bills through without considering the consequences.
This complicated new legislation would increase financial risk for new hires without doing anything to improve the funding and stability of the current retirement system. It is a plan designed to fail, which would cost students, schools and taxpayers billions down the line. (For more, check out MEA and AFT Michigan’s press statement from yesterday.)
Please contact your State Senator and
State Representative IMMEDIATELY!
Ask them to oppose this complicated new retirement legislation and urge their colleagues to slow down and carefully consider what this would mean for students, school employees, and the state.
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