LANSING, Mich. (AP) -- New teachers in Michigan still would get hybrid pensions under changes made to a teacher benefits bill.
The Republican-led state Senate passed a bill last week requiring all teachers hired after July 1 to be in a defined contribution system giving them money toward a 401(k)-style system but no defined benefit pension.
A committee in the Republican-led House passed a substitute Monday to Senate Bill 1040 that would keep new teachers in a hybrid system that's part defined benefit and part defined contribution plan.
It also would require current teachers to pay less to keep their pensions than the Senate version would.
The substitute would cap the percentage school districts pay into the Michigan Public School Employee Retirement System, with the state picking up the remaining cost, saving districts money.
Authorities say a teenage boy has died and his father and another family member have been hospitalized in Bay City after their fishing boat was overcome by storms on Saginaw Bay.
Authorities say a teenage boy has died and his father and another family member have been hospitalized in Bay City after their fishing boat was overcome by storms on Saginaw Bay.
Wednesday, June 19 2013 12:09 AM EDT2013-06-19 04:09:52 GMT
On Tuesday, the Michigan High School Baseball Coaches Association announced its picks for the 2013 All-State Team. A total of 18 local athletes were selected including Beal City senior Ryan Marshall,
On Tuesday, the Michigan High School Baseball Coaches Association announced its picks for the 2013 All-State Team. A total of 18 local athletes were selected including Beal City senior Ryan Marshall, who finished his career in style helping lead the Aggies to the state title game. Check out the story for a full list of the athletes named to the all-state team.
IR Global Rankings ("IRGR"), the most comprehensive technical ranking system for Investor Relations Websites, Online Annual Report, Corporate Governance Practices and Financial Disclosure Procedures, announces that the...
IR Global Rankings ("IRGR"), the most comprehensive technical ranking system for Investor Relations Websites, Online Annual Report, Corporate Governance Practices and Financial Disclosure Procedures, announces that the...
U.S. Small Business Administration (SBA) Administrator Karen G. Mills announced today, during remarks at a G8 session on social impact investing, in London, England, that the agency's next solicitation for its Small...
U.S. Small Business Administration (SBA) Administrator Karen G. Mills announced today, during remarks at a G8 session on social impact investing, in London, England, that the agency's next solicitation for its Small...
Tuesday, June 18 2013 3:20 PM EDT2013-06-18 19:20:10 GMT
3 people are in trouble with police tonight. They're accused of having ingredients to make meth and for stealing from the U.S. Forest Service. On Saturday, police pulled over their car near 481/2 and
3 people are in trouble with police tonight. They're accused of having ingredients to make meth and for stealing from the U.S. Forest Service. On Saturday, police pulled over their car near 481/2 and
Tuesday, June 18 2013 6:45 PM EDT2013-06-18 22:45:13 GMT
Local control could be given to all counties in Michigan for rules pertaining to off-road vehicles. The Michigan House passed a bill that now moves to the Senate. Right now, 8 of 83 counties in the state
Local control could be given to all counties in Michigan for rules pertaining to off-road vehicles. The Michigan House passed a bill that now moves to the Senate. Right now, 8 of 83 counties in the state
Tuesday, June 18 2013 7:00 PM EDT2013-06-18 23:00:33 GMT
President Obama has approved Governor Snyder's request that a major disaster area be declared for 16 counties across Michigan. That includes Newaygo and Osceola county. Severe flooding caused millions
President Obama has approved Governor Snyder's request that a major disaster area be declared for 16 counties across Michigan. That includes Newaygo and Osceola county. Severe flooding caused millions
The board of directors of Sempra Energy (NYSE:SRE) today declared a quarterly dividend of $0.63 per share of common stock. The current dividend is payable July 15, 2013, to shareholders of record on June 28, 2013.
The board of directors of Sempra Energy (NYSE:SRE) today declared a quarterly dividend of $0.63 per share of common stock. The current dividend is payable July 15, 2013, to shareholders of record on June 28, 2013.
Tuesday, June 18 2013 10:50 PM EDT2013-06-19 02:50:53 GMT
A famous face from Hollywood made an appearance in northern Michigan tonight, hoping to make a difference in a community he has grown to love. John C. Reilly, the star of movies like Step Brothers, Walk
A famous face from Hollywood made an appearance in northern Michigan tonight, hoping to make a difference in a community he has grown to love. John C. Reilly, the star of movies like Step Brothers, Walk
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