If a judge’s ruling stands, state workers would no longer have to fork out four-percent of their salaries to keep their pensions. An Ingham County Judge says the policy is...
All content tagged: "pension"
The return of children to classrooms Tuesday coincided with Governor Rick Snyder approving some big changes to how teachers will save for retirement.
Supporters say the...
Teachers hired in 2013, or any time after, would not qualify for the state’s current teacher pension system, under legislation passed today in the state senate. It...
Advocates for senior citizens and retirees say state lawmakers who voted for the new tax on pensions will pay a political price in next year's re-election campaigns - unless they...
Retired public employees in Michigan who are 67 years old or younger will have to start paying state taxes on their pension income in January, according to a ruling today by the...
The state Supreme Court heard arguments Wednesday on whether extending the Michigan income tax to pensions is legal. The arguments focused largely on whether the method in which the pension tax is phased in amounts to a graduated income...
The state Supreme Court has agreed to Governor Rick Snyder's request to make an early ruling on whether the new income tax on pensions violates the Michigan Constitution.
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Governor Rick Snyder has asked the state Supreme Court to rule on whether the state can tax pensions without running afoul of the Michigan Constitution. Snyder wants to preempt a...
Two-thirds of Michigan businesses are in line for a tax rollback next year. The rest will pay a six-percent tax on profits. Pensions in Michigan will be taxed for the first time....
UPDATE 5:55PM: The state House has concurred with Senate action on Governor Snyder's tax reform package. It is now on its way to the governor's desk.
Governor Rick Snyder's...
