MEMBERS:
SEN. ARIC NESBITT, MAJORITY VICE CHAIR
SEN. KEVIN DALEY
SEN. JON C. BUMSTEAD
SEN. CURTIS S. VANDERWALL
SEN. STEPHANIE CHANG, MINORITY VICE CHAIR
SEN. BETTY JEAN ALEXANDER
THE SENATE
COMMITTEE ON FINANCE
SENATOR JIM RUNESTAD
CHAIR
7500 BINSFELD OFFICE BUILDING
P.O. BOX 30036
LANSING, MICHIGAN 48909-7536
PHONE: (517) 373-1758
FAX: (517) 373-0938
COMMITTEE MEETING MINUTES
February 17, 2021
A meeting of the Senate Committee on Finance was scheduled for Wednesday, February 17, 2021, at 12:00
p.m., in room 403 of the Capitol Building.
__________________________________________________________________________________________
The agenda summary is as follows:
1. Adoption of 2021-2022 Committee Rules.
2. Presentation by Rodney Taylor, Michigan Department of Treasury.
__________________________________________________________________________________________
The Chair called the meeting to order at 12:05 p.m. He instructed the Clerk to call the roll. At that time, the
following members were present: Chairman Runestad, Sen.(s) Nesbitt, Daley, Bumstead, VanderWall, Chang,
and Alexander, a quorum was present.
The Chair entertained a motion by Sen. Nesbitt to adopt the 2021-2022 committee rules. The vote was as
follows:
Yeas: Chair Runestad, Sen.(s) Nesbitt, Daley, Bumstead, VanderWall, Chang, and Alexander
Nays: None
The motion prevailed and the rules were adopted.
The Chair invited Rodney Taylor, Administrator Bureau of Local Government and School Services, Michigan
Department of Treasury, to give the committee a presentation on Other Postemployment Benefits (OPEB) and
Pension Systems 2017 Reforms and Data Collected Since Implantation. Member questions and discussion
followed. Joyce Parker, Deputy State Treasurer, State/Local Finance, Michigan Department of Treasury
contributed to the discussion.
There being no further business before the committee, the Chairman moved to adjourn the meeting. Without
objection, the committee was adjourned at 1:05 p.m.
Date Adopted by Committee: 02/24/2021
Page 1 of 1