Posted inMichigan Government

Pension costs burn through city budgets

Lansing’s taxpayers were doused with some difficult news last week: The city’s pension fund for police and fire retirees could use a nearly $2 million boost from the city’s general fund. And the city’s already fighting a budget deficit. Big-city fire departments across Michigan continue to wrestle with the legacy costs of public safety pensions, […]

Posted inMichigan Government

GOP leaders eye state contribution in tweak to MPSERS reform bill

Confronted with concerns that a bill to revamp the teacher retirement system would lead to a mass exodus of veteran teachers this year, Republicans who control the Legislature are tinkering with Senate Bill 1040 to reform the Michigan Public School Employees Retirement System. Faced with $45 billion in unfunded liability and with contributions from school […]

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