CHICAGO — Michigan lawmakers approved a handful of reforms to the state’s massive public school employees’ retirement system Wednesday during a one-day session before adjourning for the summer.
The Senate early afternoon passed by 26 to 21 a compromise bill that makes a number of reforms to the Michigan Public School Employees’ Retirement System. The House passed Senate Bill 1040 bill late Wednesday. Both chambers are controlled by the GOP and Republican Gov. Rick Snyder is expected to sign it.