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Teacher pension bill is dead for now

Posted at 7:36 AM, Dec 07, 2016

Republicans have killed a plan to close the pension system to newly-hired teachers.

It passed out of committee last week, but ran into a wall in the full senate.

The biggest issue is transition costs, which the Snyder administration says could be nearly five-billion dollars over five years.

The legislature is expected to look for a different solution to the state's retirement cost crisis next year.