There’s another $300 million deficit for the state of Michigan.
Wouldn’t be a problem if the retirement benefits weren’t all but guaranteed. The argument is basically that because some defer the benefits, it’s unconsitutional (not much different than the national argument against Obamacare).
But, of course, the teacher’s unions still want the benefits they aren’t paying for.
If you enjoy the content at iBankCoin, please follow us on TwitterDavid Hecker, president of the American Federation of Teachers Michigan, said if the new law is struck down, the state should not reduce funding for retired teachers’ health care.
“Retiree health care needs to be provided, and the state needs to step up and provide it,” Hecker said.