Governor Rick Snyder is personally lobbying lawmakers to adopt an overhaul of how local government pensions are managed.
Snyder is a CPA/investor turned politician, and he’s had his eye for a while on making sure local pension and retirement plans are better funded. The plan proposed by Snyder and the Legislature’s GOP leaders would allow the state to intervene if a local government has a retirement plan that’s under-funded with no plan to fix it.
Snyder wants the Legislature to deal with the bills before its winter break.
“…because this is an issue that doesn’t get better with time.”
But Democrats and many Republicans are opposed. They say the bills would give the state too much authority over local governments.