New teachers in Michigan still would get hybrid pensions under changes made to a teacher benefits bill.
The Michigan Senate has passed legislation that would end pensions for newly hired public school employees and switch them into a 401 (k)-style retirement plan. The Republican-led Senate on Thursday passed the measure that includes many changes to the state's public school employees' retirement system. The bill now goes to the House. A key provision would end the pension plan for teachers hired after July 1, 2013.
A group of Michigan House Democrats is urging that something be done for the state’s working poor.
Teachers turned out by the hundreds Wednesday to pack a hearing room in Lansing. They showed up to oppose a measure that would force them to pay more for their retirement health care and pension benefits.