The governor of Michigan signs teacher benefits into law.
Snyder signs teacher benefits changes into law
Posted: 09.04.2012 at 6:36 PM
The Republican governor signed the overhaul of the Michigan Public School Employees Retirement System on Tuesday. The GOP-led Senate and House passed the legislation this year.
Officials say the measure cuts at least $15 billion from a $45 billion liability on the system. The reductions include a $130 million contribution by the state toward retirement costs.
Read more at Upper Michigan Source.