2021 House Bill 4265

Revise state pension calculations

Introduced in the House

Feb. 18, 2021

Introduced by Rep. Ann Bollin (R-42)

To require the state judicial pension system to use a “layered amortization" method for paying down past pension underfunding, which requires officials to amortize (pay back) each “layer” of underfunding accumulated in a given period over not more than 10 years.

Referred to the Committee on Appropriations

March 24, 2021

Reported without amendment

With the recommendation that the substitute (H-2) be adopted and that the bill then pass..

April 20, 2021

Passed in the House 69 to 39 (details)

Received in the Senate

April 21, 2021

Referred to the Committee on Appropriations

May 12, 2022

Reported without amendment

With the recommendation that the substitute (S-3) be adopted and that the bill then pass.

Nov. 29, 2022

Passed in the Senate 20 to 17 (details)

To require the state judicial pension system to use a “layered amortization" method for paying down past pension underfunding, which requires officials to amortize (pay back) each “layer” of underfunding accumulated in a given period over not more than 10 years.

Received in the House

Nov. 30, 2022

Dec. 6, 2022

Passed in the House 58 to 43 (details)

Vetoed by Gov. Gretchen Whitmer

Dec. 22, 2022