Retirement: other; continuing education requirements for trustees; provide for. Amends sec. 13 of 1965 PA 314 (MCL 38.1133).
Key claim: SB 979 would amend Michigan’s Public Employee Retirement System Investment Act to impose continuing education requirements on retirement system trustees.
Abstract
(SB0979 · 103rd Legislature) Retirement: other; continuing education requirements for trustees; provide for. Amends sec. 13 of 1965 PA 314 (MCL 38.1133). Sponsor: Sen. Veronica Klinefelt (D) + 2 co-sponsors In committee: S Local Government Latest action (2026-05-19): Referred To Committee On Local Government
Why this matters
Trustees of Michigan’s public employee retirement systems oversee billions in pension assets, so mandated continuing education affects the governance quality that shapes returns, contribution rates, and long-term costs to public employers and taxpayers. Even as an incremental governance change, standardizing trustee training is a lever for reducing fiduciary risk in a system with significant taxpayer exposure.