Legislation providing $1.5 billion in one-time funding aimed at reducing debt and improving public employee retirement systems was reported by the House Appropriations Committee this week. The bill, introduced by House Appropriations Chairman Thomas Albert (R-Lowell), appropriates a majority of the funding to pension plans for local governments and road commissions, with an additional $350 million to improve financing in the Michigan State Police retirement system. There are certain restrictions and requirements placed on the funds and the local units of governments in order to be eligible to receive the grants. The bill was sent to the House floor for consideration.
Michigan Legislative Consultants is a bipartisan lobbying firm based in Lansing, Michigan. Our team of lobbyists and procurement specialists provide a wide range of services for some of the most respected companies in America. For more on MLC, visit www.mlcmi.com or connect with us on LinkedIn and Twitter.
Michigan Legislative Consultants
110 W. Michigan Avenue
Suite 500
Lansing, MI 48933
517.372.2560
517.372.0130 fax
EXPERTISE
About MLC
Our Services
Our People
Our Work
MLC is proud to be the Michigan member of NASL
