LANSING, Mich. (AP) — Republican lawmakers’ renewed push to do away with pensions for newly hired teachers will become a reality only if they can persuade a skeptical Gov. Rick Snyder.
The accountant-turned-governor’s number crunching has left him hesitant about the upfront cost of transitioning to 401(k) plans for future school employees.
Legislation to close the state’s hybrid pension/401(k) system to new hires may be introduced in the coming week.
Full story from Associated Press on WOODTV.com.