"The Michigan Legislature is poised to vote Thursday on the biggest changes in the state's teacher retirement system in a generation ... Senate Republicans have agreed -- for now -- to hold off on their plan to move newly hired school employees into a 401(k)-only retirement plan, keeping intact a hybrid pension/401(k) system that has been in place since mid-2010. Older workers will remain in a pension-only, or defined benefit, plan regardless."  MORE >>