Rep. Jim Runestad, R-White Lake Twp.; audio on new state law mandating pension forfeiture after felony conviction

Categories: Audio,Runestad Audio

Rep. Runestad talks about his legislation (PA 43 of 2017, formerly HB 4131) now a new state law, that makes pension forfeiture for public employees convicted of stealing public funds mandatory.  Previously, forfeiture had been a sentencing option.  The new law includes language to allow for forfeiture of the employer contribution to a defined contribution plan, or a 401(k)-style plan, which previous law did not address.  The plan passed the House in March 108-0.