PROHIBIT EARLY RETIREMENT - S.B. 34 - 37: FLOOR ANALYSIS
Senate Bills 34 through 37 (as reported without amendment)
Sponsor: Senator Dianne Byrum
Committee: Appropriations
The bills would amend the various Acts to prohibit an elected public official, who was a member of a retirement system or a pension or retirement benefit plan established under one of the Acts, from retiring before the date that he or she was eligible to retire under the normal retirement provisions or the disability retirement provisions of the particular Act. The bills specify that this language would be in effect notwithstanding any other provisions to the contrary in the Acts. Senate Bill 34 would amend the Municipal Employees Retirement Act; Senate Bill 35 would amend the State Employees' Retirement Act; Senate Bill 36 would amend Public Act 156 of 1851, which defines the powers and duties of county boards of commissioners; and Senate Bill 37 would amend the Michigan Legislative Retirement System Act.
Proposed MCL 38.1510b (S.B.34) -
Proposed MCL 38.19f (S.B. 35)
MCL 46.12a (S.B. 36)
Proposed MCL 38.1023f (S.B.37)
FISCAL IMPACT
The bills would have no fiscal impact on State or local government. Normal retirement benefits are prefunded; therefore, the funds necessary to pay the normal retirement benefits have been paid in the past and thus require no additional State or local appropriations.
Date Completed: 10-24-97 - Fiscal Analyst: J. Carrasco
floor\sb34
This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.