At MARSP, we are dedicated to advocating for retired public school employees.
In addition to monitoring the bills listed below, we are also monitoring the budget process. As we continue to learn more about the legislative landscape in Michigan we will inform our members. To ensure you are receiving timely updates from us please provide us with your email address by emailing staff@marsp.org.
MARSP Legislative Status Report
2021-22 Legislative Session| Bill Number | MARSP's position | Bill Sponsor(s) | Bill Status | Bill Summary | Our Rationale | Bill Text & History |
| Senate | ||||||
| SB 0024 | Monitor | Tom Barrett (R) | Introduced and referred to Committee on Finance | This bill makes two major revisions to MPSERS. First, it would revise how the state calculates unfunded accrued liability (UAL) In MPSERS. Currently the UAL is calculated based on a 30-year amortization. This bill would calculate UAL based on layered amortization. | MARSP is currently monitoring this bill and will take further action if necessary. | Click here for current bill status |
| House | ||||||
| HB 4002 | Monitor | Joseph Bellino (R) | Introduced and refereed to Committee on Tax. | This bill makes two major revisions to MPSERS. First, it would revise how the state calculates unfunded accrued liability (UAL) In MPSERS. Currently the UAL is calculated based on a 30-year amortization. This bill would calculate UAL based on layered amortization. | MARSP is currently monitoring this bill and will take further action if necessary. | Click here for current bill status |
| HB 4188 | Monitor | Thomas Albert (R) | Introduced and referred to Committee on Appropriations. | No summary as this time. | MARSP is currently monitoring this bill and will take further action if necessary. | Click here for current bill status |
| HB 4261 | Monitor | Thomas Albert (R) | Introduced and referred to Committee on Appropriations. | This bill amends the Public School Employees Retirement Act to require that the pension and retiree health care payroll growth assumption rate for a reporting unit be 2.25% for fiscal year (FY) 2021-22. For the subsequent fiscal years, the bill would retain the current requirement that the payroll growth assumption be reduced annually by 50 basis points until the rate is zero. | MARSP is currently monitoring this bill and will take further action if necessary. | Click here for current bill status |
| HB 4263 | Monitor | Brad Paquette (R) | Introduced and referred to Committee on Appropriations. | This bill amends the Pubic School Employees Retirement Act to adopt layered amortization, reduce the time frame over which a deficiency in the actuarially determined contribution must be paid, require that the most recent mortality tables provided by the Actuarial Standards Board be used and implement a reduced cap for the assumed rate of return and discount rate. | MARSP is currently monitoring this bill and will take further action if necessary. | Click here for current bill status |