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MEA Financial Services can help you survive SB 1040

In response to the passage of SB 1040, MEA Financial Services is holding informational meetings across the state to help members understand the impact the legislation has on their retirement plans.

Analysis of impacts—SB 1040

Unfortunately the House voted 57-48 in favor the (MPSERS) overhaul, a compromise that includes a study to fully transition from a defined benefit (DB) to a defined contribution (DC) system. Earlier in the day the Senate passed the bill, SB 1040, by a vote of 21-16, sending it to the House. The bill moved to the Governor's office for his signature.
 
The changes made in this version  include the following:

Deadline extended for MIP and Social Justice Institute registration

The chance to save $25 by registering early for the 2012 Minority and Women Leadership Program (MIP) and the Social Justice Institute has been extended to Aug. 10. Until then, the registration fee is $50. After that date, the registration fee increases to $75.

Deadline extended for MIP and Social Justice Institute registration

The chance to save $25 by registering early for the 2012 Minority and Women Leadership Program (MIP) and the Social Justice Institute has been extended to Aug. 10. Until then, the registration fee is $50. After that date, the registration fee increases to $75.

And if you want to save even more, register online at the Members Only site and you’ll only be paying $40 to attend both conferences. You can also download the program.

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Detroit EM imposes teacher contract

Roy Roberts, the state-appointed Emergency Manager for the Detroit public schools, has imposed a contract on teachers. According to PA 4, the Emergency Manager has the power to void current contracts and make changes to working conditions. Details of the new contract won't be available until AFT Michigan meets with its members.

Senate walks out on MPSERS vote

School districts may be faced with financial uncertainty because the Senate didn’t pass SB 1040 —an unprecedented attack on school employee retirement. When they failed to get the necessary votes, they simply walked away. Now, the supposed savings gained by shifting costs to employees and retirees won’t materialize before the June 30 budget-setting deadline for school districts.

House committee debates a variety of education issues

In the midst of budget discussions last week, the House Education Committee heard testimony on legislation that revises graduation requirements spelled out in the Michigan Merit Curriculum and does away with school accreditation. 

Has StudentsFirst contacted you?

StudentsFirst, the so-called education reform group led by Michelle Rhee, is contacting Michigan teachers with the message, "Tell your Representative to support 401(k) plans for teachers."

Join the Protect Our Jobs Blitz on Saturday

The Protect Our Jobs (POJ) coalition will be out in full force Saturday, May 19 gathering signatures in various locations across the state from 9 a.m. to 1 p.m. Volunteers will be doing door-to-door canvassing, petition-gathering in public locations, and hosting a drive-thru signature gathering. Contact Debby Buckland at 810-599-2128 to volunteer.

Pontiac Education Association, school district reach tentative contract agreement

After 18 months of extremely contentious negotiations, bargaining teams for the Pontiac Education Association (PEA) and the Pontiac School District reached a tentative agreement on a new contract late Friday evening.

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