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What You Owe for Pensions

Michigan governments hold $3,800 per person in pension debt

… entities that offer pensions to former and current … money to pay for the pensions promised to employees … that of other open pension systems, is trending … study of Michigan s pension systems, at all layers … more

Michigan's Underfunded Pensions: A Tale of Two Counties

Wayne County governments have dug a $3.4 billion pension hole

… billion in unfunded pension benefits to their employees, … run a defined benefit pension plan for their employees, … its defined benefit pensions to new hires, instead … accounts. The legacy pension system that serves county … more

Schoolchildren, Teachers, Taxpayers Harmed When Pension Managers Assume Too Much

The realities of Michigan's $26.5 billion pension liability

… system to base annual pension contributions on an … contributions into the pension fund will be insufficient … pay. Michigan s school pension system has put taxpayers … year. Several state pension officials quoted in … more

New Bill Fixes a Pension Problem, Leaves Major Problem Untouched

Boosted pensions aren't the main cause of underfunding

… their taxpayer-funded pension benefits. The bill could … costs of an underfunded pension system. The problem with public pensions in Michigan is not … earn credit towards a pension that they will collect … more

Foundation Examines Michigan Pensions and Finds - Mismanagement

'This mismanagement was caused by explicit underfunding'

… updated study on public pension reform conducted by … state not reformed the pension program, it would only … higher . The study, Pension Reform Case Study: Michigan … promised. A properly managed pension reform process would … more

Pension Underfunding Has a Cause — But it is Not Smaller Workforces

Pensions do not operate like Social Security

… of defined benefit pension systems are meant to be paid as pension credits are earned by … understanding of how pension funding actually works … because government pension funds do not, in fact, … more

Media Misinterpreting Detroit Pension Bill

Legislation doesn't address pension underfunding

… could negotiate for pension or hybrid plans as long … obligation to fund pension benefits, payments are … calculate the value of the pensions earned by each employee … in general. If the pension funds develop an unfunded … more

Detroit Was Just the Beginning: The Crisis of City Pension Systems in Michigan

Local government pensions are less than 65 percent funded

… too long to reform pensions. Retirees took a $1.3 … billion hit to their pensions because of a mismanaged … will need to pay the pensions of future retirees. … of a defined benefit pension plan. Of … more

State Government Up to Its Eyeballs in Pension Debt

Unfunded pension liabilities dwarf state’s other borrowing

… the country and pensions are exhibit No. 1. Michigan … employees far more in pension benefits than can be … nonetheless. The state-run school pension system is largest pension system in Michigan. … more

How Bad Investment Rate Projections Cause Pension Underfunding

Municipal discount rate assumptions prove to be costly

… billion in unfunded pension liabilities. The liabilities … money need to pay for pensions. In Flint, the … city s defined benefit pension system is only 47 percent … Rapids defined benefit pension system is 97 percent … more

Management Model No Guarantee of County Pension Soundness

Management culture important for success or failure

… traditional defined benefit pension plan, it has two options … job of keeping their pension promises funded at sustainable … levels. On average, county pensions managed by MERS have … should have to pay the pension promises they have made). According … more

Why Some Teachers Prefer a 401(k) Over a Pension

Michigan legislators debate fix to pension system underfunded by $26 billion

… kept open the teacher pension system but began allowing … instead of the old pension system, according to … concerns about future pension cuts and underfunding … of which [is] the pension program is underfunded … more

Pension 'Transition Costs' Remain a Myth

Package of bills would finally close school employee pension plan

… state-run school employee pension system and offering … that the rules for pension accounting only guide how pensions are reported and do not mandate a pension funding policy. In any … more

Where $100 Million Buys Little: Michigan School Employee Pension Fund

Teacher pension system gobbles up 30 percent of payroll

… Retirement System. The pension liability (just the … evaluate the health of a pension system, we look at the … billion. Naturally, the pension system represents a … also: CapCon Pension Coverage Oakland: … more

Michigan Teacher Pension System Liabilities Increase Again

System underfunding up to $25.8 billion

… for the teachers' pension fund a budget breaker. … Smith Company. The pension liability in 2009 was … smoothing where pension funds blend several … includes $25.8 billion in pension and $12.49 billion in … more

Ten Facts About Government Pensions In Michigan

With all the charts you need to explain the problems

… billion invested in the pension fund right now. But … to schools, though: Pension funds at Michigan s … contributions (ARC) into school pensions have increased 85 … each year to cover new pension promises and keep up … more

Pension Predictions Fall Short

Defined-benefit plans don't get funded, they get underfunded

The school pension system is in dire need … the defined-benefit pension business entirely. Back … time : defined-benefit pension plans don t get funded, … the school employee pension system does a disservice … more

State Pension Plans Are Unsustainable

Funding liabilities would cost $5,400 per capita

… balloon payment to its pension systems in 2024, which … New hiring, delayed pension cuts, and longer life … financial statements for pension plans covering Michigan s … have attacked their pension funding challenges by … more

Legislators Should Look To Oklahoma To Address Pension Change ‘Transition Costs’

… Michigan s school pension fund increased to … liabilities in its pension system, Oklahoma closed its pension system to new employees … costs in the school pension system, Five Options … more

Contaminated Water Dominates Flint Headlines, But Pension Earthquake Looms

Pension payments increase 50 percent in five years

… $285 million unfunded pension liability is consuming … To put the burden of pension obligations into perspective, … risks to traditional pensions, even for a government … on public employee pensions plans. The city … more

Don’t Blame Employees for Pension Underfunding

Liabilities caused by wrong assumptions

… underfunded government pension systems. When concerns … basic problems faced by pension systems. In 2010, … Michigan s school employee pension system was underfunded … Michigan s school employee pension system was underfunded … more

Pension Costs Are Crowding Out Public Safety

Michigan is losing cops to retiree costs

… here s one theory: Pension underfunding is crowding … 63 percent of what pensions are expected to cost. … averages. Local government pension systems are underfunded … Michigan is trading pension costs for fewer police … more

The Real Problem with Government Pensions

Hint: It's not markets or greedy workers

… cost of government pension plans are often dismissed … retirement benefits. To keep pension costs from draining … should address the pension underfunding crisis … employees is the largest pension program in Michigan, … more

Democrats Selectively Considering Pension Benefits In Education Funding

Pensions once 'earned in the classrooms' now excluded from funding equation by Democrats

… costs. He said the pensions were earned by teachers … compensation, which includes pension benefits, most certainly … Funds' Pension Costs Mean Tighter Budgets … more

Charter Schools Are Not to Blame for Pension Woes

The way to catch up on underfunding is not to rope more people in

Government pension systems around Michigan … public school employee pension system. It is need of … not understand how pension systems work and believe … to avoid the school pension system. Education … more

Public School Administrators Complain About Pension Costs; Don't Offer Solutions

… still get traditional pensions as retirement benefits. … liability for teacher pension benefits increased … also: Michigan Teacher Pension System Liabilities Increase … Michigan Can Fix Its Pension Problems Pension … more

Teacher Pension System Hole Getting Deeper

State falls $290 million short on school pension funding in 2012 after GOP left old system largely in place

… unfunded school employee pension promises. Due to … future contributions. Pension liability was reduced … contribution. ~~~~~ See also: Pension Study Consultants Have … Defending Expensive Pension Plans House … more

Retiree Who's Becoming Face Of 'Pension Tax' is Collecting Generously

Former teacher and union head likely receiving over $51K in pension payments alone

… exemptions for some pensions. But James Pearson, … compensation from a pension and Social Security … complaining about the pension tax, being quoted by … would have an annual pension of $35,910. If that … more

Hathaway Pension: First Check Due Before Sentencing

Despite pleading guilty to bank fraud, Diane Hathaway to collect nearly $100K pension

… thanks to her first pension check from the state … received additional pension checks by that time. Although … of Hathaway's annual pension has yet to be confirmed. … regarding Hathaway's pension. "It will need to be … more

State on Required Payments for School Employees' Pension: 'The Check is in the Mail'

Michigan underfunding pension fund by $2.2 billion over past 10 years

… the school employee pension system. Nevertheless, … contribution" that the pension system's own accountants … Budget-Killing School Employees' Pension Up in the Air 10 Facts About Pension Systems in Michigan Close … more

Dear Teachers: Here's Why Your Salary Isn't Higher

It's the pension costs

Here's how rising pension expenses are affecting … more

Constitutional Pension Reform, 50 Years On

… state's school employee pension fund was revised upward … state government s pension fund for public school … constitutionally protecting public pensions, and it is time to … and local government pensions. As the chairman … more

MEA President Inflating Public Pension with $200K Salary While Working for Private Union

Lansing School District keeps Steve Cook in public employee pension system

… member of the state s pension system for school employees … This lets him accrue pension benefits based on his … public school employees pension system. The Lansing … underfunded government pension system, leveraging his … more

Alleged ‘Transition Costs’ Avoidable In Detroit

Shouldn't be used as a roadblock to pension reform

… the city close its pension systems to new members … have reformed their pension systems show. Transition … catch up on underfunded pensions. Detroit does not have … money saved in its pension system to pay for the … more

You are Entering the Government Pension Zone …

An alternative universe of finance and accounting practices

… government defined-benefit pension systems operate, which … the methods used in pension funding and accounting … projecting the cost of pension systems requires making … meet defined-benefit pension promises. Making a wrong … more

Detroit Bailout Bill Leaves Taxpayers On The Hook For New Pension Underfunding

Committee version guts original pension reform bill; full House could vote today

… Detroit's defined benefit pension system and shifted new … city to leave open its pension plan and rack up liabilities … for concessions from pensioners because the city underfunded the pensions it promised its employees," … more

Facing Possible Jail Time, Disgraced Justice Can Still Collect Pension

Estimates place former Supreme Court Justice Diane Hathaway's annual pension at nearly $100K

… to get a hefty state pension. It's been estimated … Hathaway's annual state pension would come to $98,766. … system. So would Hathaway's pension eligibility change if … ability to get her pension. If she were convicted, … more

Michigan Company Billed $465,774 For Teamsters Pension After Laying Off Its Last Unionized Trucker

Severely underfunded private-sector union pension plans are hurting companies

… to get out of union pension funds, those guys are … the Teamsters union pension fund. "We got the … later." Teamsters Central States Pension Fund sent the bill to … ceased paying into the pension fund at that time because … more

Critics of Growth Projections in House Road Plan Should Be Unnerved by Pension Underfunding

… underfunded school employee pension system. The state is … on $25.8 of unfunded pension liabilities. The long … their hair out over pension underfunding, which … more

Michigan Supreme Court: Pension Reforms were Constitutional

Teacher unions fail challenge to 2012 law

… future reforms to public pensions in Michigan . In … would accrue future pension benefits at a lower … modification. With public pension systems crowding out … Court upheld a modest pension reform, which allowed … more

Michigan Teacher Pension Costs Increase To Nearly $1 Billion Per Year

… public school employee pension and retirement health … unfunded liability. The pension system's unfunded liability … required contributions for pension costs, said James Hohman, … less money into the pension system. In 2010, the … more

Closing Pensions for State Employees in 1990s Saved Michigan Millions Today

Study highlights savings from defined-contribution reform

… the state employee pension system to new members. … it considers further pension reforms. The state … $6.2 billion more in pension benefits than it has … the state closed the pension system. But the … more

What the New Legislature Should Stand For — And What It Should Not

… and shored up public pension systems. The icing … two years. Pass pension reform to stop piling … more

Unions Should Get Serious About Pension Underfunding

A $2.7 million shortfall causes concern in Grand Rapids

… their members ignore pension underfunding. The Rapids employee pension system is 73.5 percent … order to make sure that pensions are paid, government … does not make their pensions any more generous. … more

Politicians Cannot Be Trusted To Properly Fund Pensions

Defined benefit plans should be closed for the good of workers

… properly fund public pension and health care systems. Consider … Illinois. In each case, pension systems were supposed … retiree health care and pensions. But only 10 percent … taxpayers, defined-benefit pension systems should be ended … more

MEA Skips Testifying on Bill Ending Its Pension Spiking Arrangements

Past MEA presidents spiked their public pensions using six-figure union salaries

… prohibiting public school pension spiking scheme benefiting … but not about the pension bill. The Senate … 279 would outlaw pension spiking of the type … his taxpayer-funded pension. Michigan Capitol … more

More Michigan Cities Meeting Financial Needs

Pension liabilities still a looming problem

Pension liabilities still a looming problem.

 more

'Steve Cook' Bill Would Prevent Private Union Employees from Spiking State Pension

MEA president is basing public pension on $200K union salary

… years as part of a pension spiking scheme. Last … the state-run school pension system on behalf of … collect a much larger pension from the school retirement … at prohibiting such pension spiking deals, and would … more

Why Detroit Pensions are Underfunded

Plenty of blame to go around

… meant that the city s pensioners may receive less … reasons why Detroit s pension systems are in poor … most basic reason that pensions are underfunded in … ineffective at keeping pensions funded during bad times. A … more

Fossil Fuel Investments Yield Big Returns for State Pension Funds

Michigan's underfunded state pensions got 37 percentage points better returns from oil and gas

… largest government employee pension funds, according to … Michigan's separate pension funds for school and … underfunding , both pension funds have unfunded … state s two largest pension funds was about 81 percent … more

Teachers Work in the Classroom

And pensions are employee compensation

… underfunded teachers pension fund. There s no doubt … needed to keep the pension fund solvent, but that … classroom. ForTheRecord says : Pensions are part of the compensation … more

Why Detroit's Pension Funds Failed

The assumption problems are statewide

… explains why Detroit s pension funds are in crisis … and school employee pension systems. Excerpt: The … failure of Detroit s pension systems has been blamed … governments to pay for pensions as they are earned, … more

School Budgets Stressed Alright — But Not From Mythical State ‘Cuts’

Watch the skyrocketing pension expenses

… the state-run school pension system, which have skyrocketed. … more

Supreme Court Justice's Problems Not Likely to Affect Generous Pension

With 20 years of judicial service, Justice Diane Hathaway could get $100K a year pension

… probably look forward to a pension that may be just shy … eligible for a state pension. According to the Office … details yet on her pension," Department of Technology, … Supreme Court Justice s pension is straight-forward. … more

School Pension Fund Needs Fewer Gimmicks

Legislature still putting off real reform

… to rework the school pension underfunding problem … represents just another pension gimmick, and a harmful … instead consider real pension reform. House … on years of school pension system underfunding. … more

How Some Michigan Cities Dodge the Unfunded Pension Liability Trap

Shifting to a 401(k) avoids hollowing out core functions

… properly fund employee pensions in the year they are … to pay the deferred pension costs. Flint is … catching up on past pension underfunding has skyrocketed , … employees out of the pension system to get a handle … more

Cops Retiring in Their 40s While Pension Systems Break Cities’ Backs

Retirees collecting pension checks while working in second career

… started collecting pension checks in 2010 at age … begin collecting police pensions. Early retirements … is that Ann Arbor s pension system is underfunded … to fund employees pensions in 2006. By 2014, the … more

The Detroit Bailout and Meaningful Pension Reform

Looking at the 'grand bargain' for the city

… the defined benefit pension system is closed. That … national experts on pension reform at an Issues … Bailout and Meaningful Pension Reform ," featured … would close the current pension system and begin offering … more

Pension Funding: Why Your Town is Going Broke

Not because you don't pay enough taxes

… enough money to pay the pensions promised to their workers. The … (MERS) administers pension systems for 728 local … adequately funded their pension obligations, according … million a month in pension payments. The broadly … more

Michigan Now Spending More on Teacher Retiree Liabilities Than Prisons

Pension costs are crowding out other state funding

… public school employees pension liabilities and retirement … its annual costs for pension and retiree health care … anticipated costs for pensions that year and 66 percent … care. The MPSERS pension has $25.8 billion in … more

Grasping At Taxes to Pay for Pensions

Schools, municipalities get creative

… order to pay increased pension requirements. Malanga … bill. With health and pension costs creating a $1 … underfunded police and fire pension systems. The increased … contributions required by the pension system is one of the … more

How Politicians Game the Pension System

There are few political gains from properly funding a defined benefit plan

… employers should pay the pensions that its employees … country, government pensions systems have failed … required to pay those pensions. Michigan's recent … incentives to ensure that pensions are properly funded. The … more

Myth And Muddle Blocking Pension Reform

… liabilities for government pension plans nationally are … from defined-benefit pension systems to defined-contribution … liability-prone conventional pension systems, instead providing … defined-benefit school pension system to new hires. … more

A Better Way to Protect Detroit Pensioners

Make it a 'contract city'

… potential for steeper pension cuts for Detroit retirees … off to satisfy both pensioners and creditors. The … of the city. Pensioners and residents would … Mackinac Center has warned that a pension reckoning was inevitable … more

It is Fine to Get Detroit Out of the School Pension System

Other districts already pay for Detroit's liabilities

… catch up on Detroit s pension liabilities. Every school … more than it has in the pension fund to cover these … off-loaded the bulk of its pension cost onto other districts. … added to the state s pension liabilities when it … more

Commentary: State Budget Windfall Invalidates Pension Reform Excuses

Legislators should use extra money to shift new school employees to 401(k)-type accounts

… liabilities in the school pension system. The temporary … between the school pension system s future commitments … conventional defined-benefit pension system. Every state … in the country faces pension fund shortfalls. In … more

10 Facts About Pension Systems in Michigan

Why reform is so vital

… talking about underfunded pension systems, but here are … are devoted to the pension system up from 12 … employees spend on pensions goes to catch up … decline. The teacher pension system assumes annual … more

Schools Getting $377 Million More For Retiree Benefits But Officials Still Complaining About 'Cuts'

Time for district officials to get serious about fixing teacher pension system

… to pay for employee pensions. Under the new … support public employee pensions. The $882.7 … cost of the school pension fund. The annual contributions … unfunded liabilities for pension benefits. Unfunded … more

Teachers Union Rails at For-Profit Charters While its Leaders Spike Own School Pensions

Past three MEA presidents are set to receive pensions larger than their school salaries

… their school government pensions. Former MEA … from his public school pension. In 2014, Battaglieri's government pension was $85,903, compared … 2014, her government pension was $140,000 a year. Steve … more

Experts To Rebut Claims of Opponents Protesting Detroit Pension Reform Plan

Reformers under pressure from unions, who prefer broken status quo system

Reforming Detroit's pension system remains a major … reform plan. The pension proposal is possibly … its defined benefit pensions to new employees in … after adopting the same pension reform measures that … more

School Board Member: Close Teacher Pension System

System crowding out classroom funding

… traditional defined benefit pension plan she says is taking … some type of secure pension in retirement. Stead … paid $17.8 million in pension costs and another $10.3 … but an underfunded pension system has been eating up … more

Skyrocketing Pension Costs Trigger Parent Angst Over Loss of Teachers

Just the increase in pension costs could have hired 140 new Grand Ledge educators

… the school employee pension system over the past … the state-run school pension system. In June … $4.2 million into the pension system. For 2015-16, … the Michigan school pension system, and recommends … more

Incomplete Analysis of Pension Scheme Bill Paints False Picture

Fiscal Agency ignores benefit spiking costs, underfunding risks

… Michigan s school employee pension system. Yet a Senate … risks of underfunding pensions and the benefit spiking … the district for the pension fund contributions made … under a defined-benefit pension system the employer … more

Whistleblowers Allege Police Pension Spiking Scheme

Ann Arbor officers may add millions to taxpayer burdens

… retirement engaged in a pension spiking scheme that … dollars in lifetime pension benefits for these individuals, … spikes, the annual pension payouts by artificially … compensation figure used in pension formulas. According … more

Fixing Michigan's Budget-Killing School Employees' Pension Up in the Air

MPSERS reform may be murky

… 20-18 to close the pension system to new hires … ongoing underfunding of the pension system, which saw its required … it. With the MPSERS pension system the numbers involved … chronically underfunded pension system is a model that … more

Rough Road for Pension Reform in New Senate?

Many Senators who supported reform are leaving

… defined-benefit school pension system to new hires … underfunding of the pension system, in which required … from outdated public pensions, and MPSERS is the … support for closing the pension in the new Senate Republican … more

Public School Pension System Totally Broken

Taxpayers on the hook for billions in unfunded liabilities

… care retirement and pension costs, said James Hohman, … multi-billion dollar unfunded pension and retiree health care … billion in 2012, just for pension liabilities. That unfunded pension liability was $835 million … more

The Worst Funded Pension Systems In Michigan

Part 1 in a series looking at municipal retiree funds in the state

… liabilities in the general pension system ran from 94 percent … largest cities have pension benefit systems in far … Confidential of the employee pension systems for Michigan s … cities continue to offer pensions and these defined benefit … more

Michigan Still Underfunding Teacher Pensions

Made full contribution just twice in last decade

Michigan's school employee pension system is underfunded … necessary to pay for the pensions that employees earn and … more

Closing Pensions a Litmus Test for Detroit Reform

'Business as usual' if Legislature caves

… traditional defined benefit pensions. Guess which … almost entirely to that pension piece. Specifically, … Titanic." But unlike the pension reform, whether they … the defined benefit pension system to new employees … more

$23K School Employee Upset that MEA President’s Pension Spiked by $200K Union Salary

MEA president Steve Cook is considered a 'school employee' for Lansing Schools – where he doesn't work

… salary into a richer pension payout. Cook's payout … come from the same pension fund that Allen is counting … the state-run school pension system. The Lansing … contribution to his pension, and is reimbursed by … more

Another School District-Teachers Union Pension Spiking Deal

Union leaders benefit from special deals with their members’ employers

… have entered into a pension spiking arrangement … the state-run school pension system. The deal … a school employee's pension benefit is based on … accumulate government pension credits even though … more

Rigged Pension Study Produces Expected Conclusions

Legislators should close underfunded defined-benefit system

… state s school employee pension system to a defined-contribution … suspect that the state s pension system is perfectly … would not even consider pension reform; pension costs would be the relatively … more

Pension Costs Mean Tighter Budgets For Classrooms, Taxpayers

MPSERS has unfunded liability of $24.3 billion

… million this year for its pension and health care costs. The … 2013-14. The teacher pension system has become an … skyrocketing cost for the pension system shows how K-12 … traditional annual pension. That lowered the MPSERS … more

Commentary: Unions Cry Crocodile Tears Over Municipal Pensions

House Bill 4804 would make it easier for local governments to get out of defined benefit system

… defined-benefit pension systems is causing unions … existing defined-benefit pension system to new employees, … Committee. These defined-benefit pension systems were a contributor … impressive but unrealistic pension promises from pandering … more

What Will Cities Do To Solve Their Pension Problems?

Part 2 in a series looking at municipal retiree funds in the state

As pension funding crowds out important … ratios for their pension systems, only two of … the defined benefit pension system. Lincoln … the dollar for its pension obligations. It began … more

Unfunded State Employee Pension Liabilities Remain at $6.2 Billion

… closed state employee pension system got some good … carries $16.2 billion in pension liabilities, and $10.0 … the market value of pension fund investments using … market value of the pension fund s current assets … more

State's Cost of Teacher Pension System Quintuples

General fund contributes more and more to retiree costs

… the defined-benefit pension with a 401(k)-type defined-contribution … feeling the pinch from pension obligations, and there … defined-benefit annual pension plan that he signed … required under a reformed pension system. I felt … more

GOP Fumbles: On Verge of Giving MEA Huge Pension Win

… defined-benefit school pension system to new hires … servants in the state pension office (who, like the … states that closed their pension systems without paying … the same school pension reform passed by the … more

How Steve Cook's Pension Will Cost Taxpayers

… the state-run school pension system. The MEA … eventually receive pension benefits that are based … contributes to the pension fund on Cook s behalf. Yet … paying for Cook s pension in two ways. First, … more

Spiking Pensions: Another MEA Executive Involved in Special Deals

Scheme takes funds from real school employees

… executives involved in a pension spiking scheme in public … the state-run school pension system. The officials … still accumulating pension credits with the school … a larger government pension for him. The top … more

Capping Retirement Contributions Changes Few District Incentives

State aid could easily fluctuate

… changed the way that pension benefits offered in … unfunded liabilities for pension and retirement health … generally are not in the pension system, receive no benefit … more

How Michigan Can Fix Its Pension Problems

Event featuring former Utah State Senator Dan Liljenquist

… trillion in unfunded pension liabilities across the … How States Are Fixing Pension Problems And Michigan … employees off of a pension plan in 1997 under former … for. But there are pension systems for teachers … more

Here Is Who Voted For The Detroit Bailout and To Not Close Pension System

Most Republicans supported bills to bailout Detroit

… originally closed Detroit's pension system, shifting new … On The Hook For New Pension Underfunding Media … Misinterpreting Detroit Pension Bill The … Bailout and Meaningful Pension Reform How … more

Teachers Union Presidents Extract Lucrative Benefits from Schools – For Themselves

MEA officials use rare deals with districts to garner rich government pensions

… an annual government pension of $85,903, which is … into a lucrative state pension. The MEA reimbursed … Battaglieri s state pension, setting an example … underfunding of the school pension system going back at … more

Constitutional Convention Delegates Wanted State Worker Pensions To Be Fully Funded

Notes from the 1962 constitutional convention show true intent of what voters passed

Retiree pensions in Detroit were underfunded. … was 1961 and retiree pensions were underfunded to … attempted to protect those pensions in a new constitution … projects the city's pension liability at $3.5 billion … more

Pay for New Ann Arbor Teachers Up 24-44 Percent in Four Years

Veteran teachers see slight decrease; payments to pension system soar

… reported to the state pension office. The state pension office factors in all compensation for pension calculations. For … reported to the state pension office was $75,605 for … more

Teacher Left Michigan Education Association and Has No Regrets

She says MEA president pension spiking scheme solidified her decision

… President Steve Cook s "pension spiking" arrangement … Stawasz lost any accrued pension benefit credits when … more

Schauer Calls For Long-Term Solvency Of Pension System; As State Senator Voted To Underfund It

Bill from 2007 specifically took from employee retirement system

… budget by reducing the pension fund contribution … traditional annual pension. That lowered the MPSERS … sector . ~~~~~ See also: Pension Costs Mean Tighter Budgets … Thing Teacher Pension System Hole Getting … more

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Emmet County Commissioners are spending millions of dollars on lavish ambulance stations and an observatory to gaze at stars. The projects are being funded by a bond issue that bypassed voters.

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