Law requiring state workers to contribute to pensions is constitutional, Michigan Supreme Court rules

2015-07-30T20:42:21-07:00July 30th, 2015|Categories: Pension Funding|Tags: , |

A law that requires state employees with defined benefit retirement plans to put 4 percent of their salaries toward their pensions is constitutional, the Michigan Supreme Court ruled Wednesday. The change was made by a 2011 law that state employee unions heavily opposed. Under the law, employees could choose to remain in the defined benefit plan but contribute 4 percent or switch to a defined contribution 401(k) plan. The Michigan Coalition of State Employee Unions sued the state, arguing [...]