Tell lawmakers not to gamble with pension funds
While the Legislature has been off for nearly a month on their summer break – despite next year’s state budget being unfinished – concepts continue to float around the Capitol about how to pay for needed road repairs. The latest bad idea involves various ways of borrowing against school employee pension funds to fill the budget gap – a notion blasted in an op-ed by MEA President Paula Herbart and AFT Michigan President David Hecker.
“We urge lawmakers to reject gambling with state retirement funds and face the reality that our deteriorating roads and bridges require a real plan with real revenues, not something cooked up in a Las Vegas casino,” they said in the column.
MEA and AFT Michigan have sent a letter to lawmakers outlining why this idea deserves to be rejected outright. But we need your help to make sure this concept is dropped immediately by Lansing lawmakers.
