The way state Rep. Rick Olson sees it, there are only three places to find a solution to financial problems in the Michigan Public School Employees Retirement System. “Increased contribution by employees, reductions in benefits — or find a magical money tree somewhere,” the Saline Republican said. With no magic to call on, a group […]
Gary Olson
Posted inMichigan Government
Teacher pension gaps pop up around Great Lakes
As dire as conditions are for the Michigan Public School Employees Retirement System, be advised it could be worse. Just look at Illinois. Across the country, pension funds are suffering from the same confluence of factors, including rising health-care costs, falling returns on investment, lax oversight and more. It is very difficult to directly compare […]