Republicans take issue with Dems’ push for a Michigan health care trust
The hastened retirement of thousands of Michigan teachers and other school employees hung in the balance Thursday, but lawmakers again failed to agree on legislation to allow it.
That pushed a possible agreement on a retirement incentive plan to next week at the earliest, leaving school districts and teachers wondering how — or if — they would cope with a summer surge of retirements and new hires.
And it left unresolved a $415-million shortfall next year in the state School Aid Fund that largely pays for public schools. The retirement plan could save school districts more than $680 million next year, and $3.1 billion over 10 years. School employees who don’t retire would pay an additional 3% of wages into the retirement system.