{"id":3907,"date":"2014-11-13T17:47:46","date_gmt":"2014-11-13T21:47:46","guid":{"rendered":"http:\/\/blogs.mml.org\/wp\/inside208\/?p=3907"},"modified":"2014-11-13T17:47:46","modified_gmt":"2014-11-13T21:47:46","slug":"house-considers-legislation-to-allow-more-local-bonding-for-pensionopeb-costs","status":"publish","type":"post","link":"https:\/\/mml.org\/inside208\/2014\/11\/13\/house-considers-legislation-to-allow-more-local-bonding-for-pensionopeb-costs\/","title":{"rendered":"House Considers Legislation to Allow More Local Bonding for Pension\/OPEB Costs"},"content":{"rendered":"

This morning the House Financial Liability Reform Committee heard testimony on House Bill 5279<\/a>, legislation that would allow communities with an A credit rating to bond for pension and other post employment benefit (OPEB) costs if that community obtains bond insurance.<\/p>\n

In 2012 the Governor signed Senate Bill 1129<\/a>, legislation that allows communities with a AA bond rating or better to bond for the costs of switching from a defined benefit to a defined contribution plan or for OPEB costs. This tool is very important for communities.<\/p>\n

A number of communities with A bond ratings wanted to be included, and it was made clear by the Department of Treasury in 2012 that the administration would not expand the scope. The Department is opposed to HB 5279 as well, but we will continue to push forward.<\/p>\n

The committee did not vote on the legislation.<\/p>\n

Samantha Harkins is the Director of State Affairs for the Michigan Municipal League.\u00a0 She can be reached at <\/em>517-908-0306<\/em> or email at sharkins@mml.org<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

This morning the House Financial Liability Reform Committee heard testimony on House Bill 5279, legislation that would allow communities with an A credit rating to bond for pension and other post employment benefit (OPEB) costs if that community obtains bond insurance. In 2012 the Governor signed Senate Bill 1129, legislation […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-3907","post","type-post","status-publish","format-standard","hentry","category-uncategorized","mml-onemagnify-plugin"],"acf":[],"yoast_head":"\nHouse Considers Legislation to Allow More Local Bonding for Pension\/OPEB Costs - Inside 208<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mml.org\/inside208\/2014\/11\/13\/house-considers-legislation-to-allow-more-local-bonding-for-pensionopeb-costs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House Considers Legislation to Allow More Local Bonding for Pension\/OPEB Costs - Inside 208\" \/>\n<meta property=\"og:description\" content=\"This morning the House Financial Liability Reform Committee heard testimony on House Bill 5279, legislation that would allow communities with an A credit rating to bond for pension and other post employment benefit (OPEB) costs if that community obtains bond insurance. 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