Pension

A bill sent to the Michigan Senate Wednesday, January 25, would phase out taxes on public pension benefits and provide certain deductions for private retirees.The plan gives pensioners the choice to opt into a tax structure that existed before the system changed in 2011.

A new report released Monday by the Michigan Department of Treasury shows 22.4 percent of local units of government have underfunded pension plans,…

Governor Rick Snyder is personally lobbying lawmakers to adopt an overhaul of how local government pensions are managed.Snyder is a CPA/investor turned…

Teacher retirement changes are moving through the legislature again. This time with the governor on board and a committee hearing scheduled for early…