Podcasts & RSS Feeds
Most Active Stories
- This ballot proposal is critical to Michigan's economy, but most people won't bother to vote on it
- What explains Michigan's large Arab American community?
- Don't like the water shut-offs in Detroit? Now you can pay someone's overdue water bill
- Some think their immigrant ancestors were the last that should be allowed in the U.S.
- Michigan Republican Party's tactics remind me of Watergate, because both were unnecessary
Politics & Government
Wed October 10, 2012
Teachers and school employees face pension plan deadline
Michigan’s 250,000 teachers and state school employees face a deadline of October 26th to choose a new retirement plan. But some groups are asking the State Supreme Court to extend that deadline.
State legislators passed a law changing the pension system in August. Ellen Hoekstra represents the Michigan Federation of Teachers.
"We’re advising people to get as much information as they can and at least fix in their own mind what option they think would be best for themselves and their own family – prior to the 26th – in case that ends up being the deadline," said Hoekstra.
School employees will have four options.
One would require them to pay more than they pay now, to get the same pension.
Another option would allow people to pay the same amount they pay now, but get a smaller pension when they retire.