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teacher retirement

teacher with two students
department of education / http://j.mp/1SPGCl0

Top lawmakers in the state Legislature have reached a tentative agreement with Gov. Rick Snyder about changes to the state’s teacher retirement system.

 

House Speaker Tom Leonard, R-DeWitt, and Senate Majority Leader Meekhof, R-West Olive, have been aggressively pursuing a plan to shut down the state’s hybrid pension and 401(k) system. Meekhof and Leonard want to put all new hires into a 401(k) plan.

dugganfordetroit.com

At the 2017 Mackinac Policy Conference this week, Detroit Mayor Mike Duggan flatly explained to a mostly white audience the systematic racism that shaped the city of Detroit and the surrounding region. This Week in Review, Weekend Edition host Rebecca Kruth and senior news analyst Jack Lessnberry talk about the impact of Duggan's speech and his vision for Detroit's future.

Inside the Michigan Senate
Lester Graham / Michigan Radio

A showdown is brewing in Lansing over the fate of teacher retirements. 

Teachers can currently choose between a full 401(k) type plan or a hybrid 401(k) and pension plan.

Many Democrats, like Senator David Knezek, oppose the legislation.

“We have example after example after example of why this doesn’t work,” he said. “Why it doesn’t make fiscal sense in the short term. Why it doesn’t make fiscal sense in the long-term. But what we are I think leaving out of that conversation is the real impact that it has on people’s lives.”

There’s a face off between Governor Rick Snyder and Republican leaders over an issue that’s not even at the top of anyone’s to-do list.

The state Legislature is working away on the state budget and Republicans have been cutting Snyder’s budget proposal. They’re squirreling away money but they haven’t decided what to do with it yet.

Paulette Parker / Michigan Radio

Democrats in Lansing are seeking what they call a “Voting Bill of Rights.” That means no-reason absentee voting, early in-person voting, voter registration as late as 15 days before an election, and other things making it easier for people to vote.

Republicans have, in the past, offered bills for stricter voter identification laws.

Matthileo / Flickr - http://j.mp/1SPGCl0

The lame-duck session in Lansing has been quacking along at a fast pace.

Yesterday, a Senate committee approved a bill that would end pensions for incoming new teachers in Michigan. The pensions would be put into market-based 401 (k)-style plans.

Senator Goeff Hansen, R-Hart, who represents the 34th District, which includes Muskegon, joined Stateside to talk about it. Hansen was one of the two Republicans on the Senate Appropriations Committee, along with Mike Nofs, who voted against the effort.

creative commons

Public school teachers could see changes to their retirement plans. That’s under changes getting pushed through in the state legislature’s lame duck session.

The bills were passed through the Senate Appropriations committee Wednesday by a narrow nine votes to eight. The committee met for several hours taking testimony and engaging in sometimes heated debate.

The current system is a combination pension and 401(k), but the legislation would put all new teachers under just a 401(k) plan.