I'm Just a Bill [Mackinac Center]: "HOUSE BILL 5197
Authorize enhanced pension 'early out' for state employees
Introduced by state Rep. Gary McDowell, D-Rudyard
The bill authorizes early retirement benefits for certain state employees who retired between Aug. 1 and Nov. 30, 2009.
These employees would be able to get full benefits if their age plus years on the job equal 70 (that is, a 50-year-old with 20 years on the state payroll could get a full pension), plus the cash benefits would be increased by 33 percent until age 62, and then by 16.7 percent thereafter."
This what you get when the public employee unions own our elected officials.
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