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Early 2015 Planning on Defined Contribution Initiatives

Jan 18, 2015

Chuck Agerstrand, MEA-Retired

MEA along with our coalition partners within the Coalition of Secure Retirement (CSR’s) goal in January and February includes meeting with key players in the Legislature. The list targets newly elected legislators, Senate Appropriations Committee members and the Governor’s office & staff. We also plan to coordinate a meeting with the Department of Technology, Management and Budget to discuss the up-front costs that a switch to a defined contribution plan would create for the Michigan Public School Employees Retirement System.  As a point of information the CSR along with MEA supports the Governor’s efforts to prefund retiree healthcare and increase state contributions to the MPSERS system.  CSR’s long-term goals include a Day at the Capitol for CSR retiree members, continued grass roots development and a new research project focused on examining the health of state employee DC plans after that system was converted in 1997.