November 9, 2012 – The Michigan Supreme Court today declined to intervene in a dispute between Gov. Rick Snyder and teachers’ unions over changes made this year to the Michigan Public Employees Retirement System. The same day Snyder signed Public Act 300 of 2012 into law in September, Ingham County Circuit Court Judge Rosemarie Aquilina issued a temporary restraining order requested by the teacher unions to block the new law from going into effect. The law is expected to mean higher costs for most of Michigan’s public school employees and retirees, while cutting about $15 billion from the retirement system’s roughly $45 billion in unfunded liabilities. It gives many school employees the option of making larger pension contributions or receiving reduced pensions, and requires most employees to pay 20% of the cost of their health insurance.