Election 2016: Clinton, Trump Debate For First Time [MORE] [LIVE CBS REACTION] [LISTEN LIVE TO WWJ]

Michigan Legislature OK's State Worker Retiree Plan

Lawmakers in the Michigan Legislature have approved a retirement incentive plan for state employees.

The bill passed 60-45 in the Democrat-run House and 20-14 in the Republican-led Senate on Thursday.

It’s a significant step toward finishing up the state’s next spending plan before the budget year begins Oct. 1.

The retirement plan could save around $80 million for the state in the fiscal year that starts Oct. 1.

Eligible state workers who retire would be given slightly sweetened pension benefits. Those who stay on the job would be required to pay 3 percent of their salaries into retiree health care plans for three years.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

Comments

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Detroit

Best Fall Festivals In Metro DetroitFrom music to art to special events, there's a little something for everyone's delight.
Best 4th Of July Concerts In Metro DetroitStaying home this weekend? Celebrate the 4th of July by rocking out at one of these shows.

Watch & Listen