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SB300 • 2026

Retirement: defined benefit; duties of investment fiduciary; modify. Amends sec. 13 of 1965 PA 314 (MCL 38.1133).

Retirement: defined benefit; duties of investment fiduciary; modify. Amends sec. 13 of 1965 PA 314 (MCL 38.1133).

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Jim Runestad (District 23), John Damoose (District 37), Michael Webber (District 9), Joseph N. Bellino Jr. (District 16), Kevin Daley (District 26), Aric Nesbitt (District 20), Jon C. Bumstead (District 32), Rick Outman (District 33), Roger Victory (District 31), Ruth A. Johnson (District 24), Michele Hoitenga (District 36)
Last action
2025-05-13
Official status
REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Retirement: defined benefit; duties of investment fiduciary; modify. Amends sec. 13 of 1965 PA 314 (MCL 38.1133).

Retirement: defined benefit; duties of investment fiduciary; modify.

What This Bill Does

  • Retirement: defined benefit; duties of investment fiduciary; modify.
  • Amends sec.
  • 13 of 1965 PA 314 (MCL 38.1133).

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2025-05-13 SJ 43 Pg. 437

    INTRODUCED BY SENATOR JIM RUNESTAD

  2. 2025-05-13 SJ 43 Pg. 437

    REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION

Official Summary Text

Retirement: defined benefit; duties of investment fiduciary; modify. Amends sec. 13 of 1965 PA 314 (MCL 38.1133).