LANSING, Mich. (AP) — Republicans who control the Michigan Legislature on Wednesday continued efforts to save money on retiree benefit costs related to state employees.
The GOP-led Senate approved a bill by a 23-13, mostly party line vote that would require employees covered by state pension plans to decide whether to remain in the pension plan 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 it.
The bill returns with relatively minor changes to the Republican-led House, which approved an initial version of the bill earlier this fall. Both chambers must agree on the same language before it can be sent to Republican Gov. Rick Snyder for his consideration.
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