Pension deal steers more teachers to 401(k) plan

WSYMPublished: June 14, 2017
Published: June 14, 2017

Gov. Rick Snyder and Republican legislative leaders are finalizing more pieces of a tentative deal to restructure Michigan's teacher retirement system to coax new employees into a 401(k)-only plan. A key issue is how a pension option could be closed to newly hired teachers in the future.

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