a:3:{s:16:"field_story_body";a:1:{i:0;a:2:{s:5:"value";s:1092:"<span style="font-size: larger;">Michigan legislators are considering ways to address the underfunding of the school pension system.</span><br />
<br />
<span style="font-size: larger;">House Bill 4190 would change the way that the state apportions the costs of catching up on years of school pension system underfunding. </span><br />
<br />
<span style="font-size: larger;">Under the bill school districts would send in an amount determined by their &quot;current operating expenses.&quot; These include payroll as well as other expenses, including payments to vendors.</span><br />
<br />
<span style="font-size: larger;">The reality is that the legislature MUST ADDRESS the issue&nbsp; by closing the current defined benefit system to new employees, instead providing them with a defined contribution retirement system. </span><br />
<br />
<span style="font-size: larger;">Read more on the issue at:</span><br />
<br />
<a href="http://www.michigancapitolconfidential.com/18546"><span style="font-size: larger;">http://www.michigancapitolconfidential.com/18546</span></a><br />";s:6:"format";s:1:"2";}}s:17:"field_story_image";a:1:{i:0;a:10:{s:3:"fid";s:4:"3168";s:4:"list";s:1:"1";s:4:"data";a:3:{s:11:"description";s:0:"";s:3:"alt";s:0:"";s:5:"title";s:0:"";}s:3:"uid";s:1:"1";s:8:"filename";s:9:"money.jpg";s:8:"filepath";s:36:"sites/default/files/images/money.jpg";s:8:"filemime";s:10:"image/jpeg";s:8:"filesize";s:5:"42626";s:6:"status";s:1:"1";s:9:"timestamp";s:10:"1366725895";}}s:12:"field_weight";a:1:{i:0;a:1:{s:5:"value";N;}}}