LANSING, Mich. (AP) — Michigan Gov. Rick Snyder has signed legislation requiring that public employees convicted of a crime related to their work lose a portion of their pension or 401(k).
Michigan law had allowed for forfeiture of public employees’ retirement benefits if they misuse funds or take bribes. The new law enacted Wednesday mandates such forfeitures and applies them to a convicted worker’s 401(k) — not just a pension.
They will lose the portion of a benefit contributed by the employer, including earnings on those contributions.
Snyder says in a statement that “protecting the integrity of retirement contributions employers make is critically important.”
- Posted June 09, 2017
- Tweet This | Share on Facebook
Corrupt public workers to lose retirement benefit under new law
![](/Content/LegalNews/images/article_db_image1.jpg)
headlines Detroit
headlines National
- Michelle Behnke looks to build community and strengthen the ABA with new strategic plan
- ACLU and BigLaw firm use ‘Orange is the New Black’ in hashtag effort to promote NY jail reform
- New research about legal operations is ‘at a crossroads,’ consortium leaders say
- You were probably not taught to market yourself; now what?
- Which BigLaw firms pay the highest starting salary?
- Netflix’s true-crime documentary about woman stalking man flows like book you can’t put down