Script-free record · Release 2026-07-28.3

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vote

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Chamber: house
Context text: the options we are providing to our retirees to mitigate this risk is not reckless. While HB 4274-5 would 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. 4275, entitled A bill to amend 1943 PA 240, entitled “State employees’ retirement act,” by amending section 58 (MCL 38.58), as added by 1996 PA 487. 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-10916
Motion text: follows:
Nays: 48
Not voting: Not recorded
Result: unknown
Sitting id: sitting-1265
Vote date: 2020-02-18
Vote id: vote-10904
Vote number: 58
Yeas: 59

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