A mistake that was repeated annually for 19 years will cost the state over $112 million, as refunds are issued to seven different universities.
The refund is tied to payments to the Michigan Public School Employees Retirement System. The system had been over billing the universities for nearly two decades.
State House Democrats are once again calling for repealing Michigan’s tax on pensions.
The 2011 tax code rewrite means some retirees are paying taxes on previously untaxed pension income.
Michigan Gov. Rick Snyder
Gov. Rick Snyder is praising Detroit pensioners for approving the city’s bankruptcy restructuring plan.