Michigan Senate panel votes to close school pensions to new members


The Republican-controlled Senate Appropriations Committee voted 9-8 Wednesday to close the school retirement system to new members, despite expert testimony from the administration of Gov. Rick Snyder and others that the move will cost billions.

The bills moved to the full Senate, where they were expected to be taken up as early as Wednesday night, but the close committee vote slowed the fast-track legislation, making a Thursday Senate vote most likely.  Read More