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Wednesday, September 19, 2012

''Michigan Governor Signs Teacher Retirement Overhaul''

From WILX.com

''Governor Rick Snyder signed into law Tuesday an overhaul of Michigan's school retirement system. The move has teachers staring at higher pension and benefit costs, the very day students were back to school.

Snyder says the law helps fix a $45 billion unfunded liability in Michigan's Public School Retirement system.

Teachers call it a promise broken they're prepared to fight in court.''

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