Friday, April 02, 2010

School Pension Reform Stalls in Senate

School Pension Reform Stalls in Senate
"A plan to reform public school pensions and set them more in line with private-sector retirement standards — and thus save Michigan taxpayers an estimated $3.5 billion over the next 10 years — stalled in the Michigan Senate as that chamber prepared to leave for its spring break.

Although GOP senators cast blame for the failure at Gov. Jennifer Granholm and Democrats, Republican sources said that only 18 votes could be mustered for the measure, leaving it two votes shy of passage in a chamber where Republicans hold a 22-16 majority."

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