- A proposal to reallocate $630 million meant to pay down teacher pension debt to other priorities is on the June 20 House agenda.
- A successful petition to move the bill to the House floor would lead to a vote to reallocate the money that had been scheduled to help pay down $29.9 billion in debt to teachers and others in the Michigan Public Schools Employee Retirement System.
- “The state accidentally made school employees the state’s largest creditors by promising pension benefits and not setting aside enough money to pay for them,” he told CapCon...
Friday, June 21, 2024
"Reallocate = STEALING!-----Michigan House scheduled to vote June 20 on diverting $670M from teacher debt to other projects
Teacher pension retirement system nearly $30B in debt By Jamie A. Hope
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