School officials question early-retirement deal for Michigan teachers

Paula Davis:

Despite Lansing politicians touting projected savings through the school employee retirement incentive plan that passed the Legislature Friday, some area school officials say the measure leaves unanswered questions and they wonder how much of a savings it truly will hold for their districts.
“We’ve just taken a major step in the right direction to provide support for schools around the state,” said Republican Senate Majority Leader Mike Bishop of Rochester. The bill passed the Republican-led Senate by a 21-14 vote and the Democratic House, 56-45.
Proponents of the legislation, which the governor says she will sign, contend it could save school systems more than $670 million in the next fiscal year.
But that will depend on how many of the 57,000 school employees eligible to retire actually choose to do so. They must decide by Sept. 1.