LANSING, Mich. (AP) — Michigan Gov. Rick Snyder has signed legislation requiring that public employees convicted of a crime related to their work lose a portion of their pension or 401(k).
Michigan law had allowed for forfeiture of public employees’ retirement benefits if they misuse funds or take bribes. The new law enacted Wednesday mandates such forfeitures and applies them to a convicted worker’s 401(k) — not just a pension.
They will lose the portion of a benefit contributed by the employer, including earnings on those contributions.
Snyder says in a statement that “protecting the integrity of retirement contributions employers make is critically important.”
- Posted June 09, 2017
- Tweet This | Share on Facebook
Corrupt public workers to lose retirement benefit under new law
headlines Detroit
- Michigan Law faculty research into AI and the law earns awards
- Nessel roundtable discusses MEDC shortfalls, Whitmer pressure on legislative action
- A series of close calls afforded him a greater purpose
- Detroit’s High Property Taxes are Driving a Housing Affordability Crisis — How Can City Leaders Bring Cost Down?
- Daily Briefs
headlines National
- Play-Based Learning: Can simulation games help lawyers learn management and business development skills?
- ACLU and BigLaw firm use ‘Orange is the New Black’ in hashtag effort to promote NY jail reform
- Court orders hospital to resume gender-affirming care for transgender kids
- Netflix’s ‘The Lincoln Lawyer’ will rest his case at end of season 5
- Woman gives birth during arraignment in NYC courtroom
- SCOTUS will examine scope of Title IX protections and whether civil rights law covers work bias claims
