Michigan Legislative Activity Ledger

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    Context text
    provide a new annuity option to state employees/teachers, which can help them mitigate their risk, it does not require a high enough financial rating of a company providing the annuity to ensure it will be able to endure an economic downturn. Until this issue is resolved, I cannot support a bill that has significant potential to leave retirees in financial dire straits because their state approved annuity provider company failed. I support giving workers more options in their retirement plans but ultimately want to make sure they are safe options.” House Bill No. 4551, entitled A bill to amend 1994 PA 451, entitled “Natural resources and environmental protection act,” by amending sections 40111, 74116, and 78119 (MCL 324.40111, 324.74116, and 324.78119), section 40111 as amended by 2018 PA 272, section 74116 as amended by 2016 PA 1, and section 78119 as amended by 2013 PA 81. Was read a third time and passed, a majority of the members serving voting therefor, by yeas and nays, as follows:
    Excused
    Not recorded
    Measure id
    measure-11192
    Motion text
    follows:
    Nays
    2
    Not voting
    Not recorded
    Result
    unknown
    Sitting id
    sitting-1265
    Vote date
    2020-02-18
    Vote id
    vote-10905
    Vote number
    59
    Yeas
    105