LANSING, Mich. (AP) — Legislation aimed at reining in retiree benefit costs for Michigan state workers was approved Thursday by the Republican-led House Appropriations Committee.
The measures affecting future state retirees, approved 17-10 along party lines, advances to the House floor.
Employees covered by state pension plans would have to decide whether to remain in the defined benefits plans or convert to a 401(k) system. Workers who choose to remain in the pension plan would have to contribute 4 percent of their compensation to remain in the system.
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