State Rep. Steele decries House Bill 5803, diverting $670 million from teacher retirement accounts. #TeacherPensions #MichiganEducation
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A Plot Twist No One Saw Coming
In a stunning move that has left educators across Michigan reeling, State Representative Donni Steele voted against House Bill 5803, which seeks to divert over $670 million from teacher retirement accounts to fund partisan projects. The bill, which passed along party lines, has sparked outrage as it strips funds from the already underfunded Michigan public schools teachers’ retirement system (MPSERS). This underfunded system is currently facing a staggering $34 billion shortfall. The bill’s passage is being viewed as a direct assault on the financial security of Michigan’s educators.
“There is no way to spin this embarrassing attempt to fund more unnecessary government spending on the backs of our teachers,” said Steele, R-Orion Township. “Rather than supporting our teachers and robustly funding their hard-earned retirement accounts, Democrats voted to strip those benefits. Many of these teachers taught thousands of kids over the course of decades, they deserve to be rewarded. Instead, now these same hard-working teachers are left questioning if their benefits will still be there when they need them.”