A $18B debt is coming due, and it’s haunting small town Michigan
Once a mining community, Iron Mountain is probably more famous now as proud home town to Michigan State University men’s basketball coach Tom Izzo.
But this Upper Peninsula city is also notable these days for something no one brags about: It’s one of dozens of small rural Michigan communities and public bodies that face mountains of unfunded public pension and retirement health care debt.
With $48 million in unfunded legacy debt, this city of 7,400 people owes nearly $1.5 million a year in retirement health care alone. That sucked nearly $1 million from its 2017-18 $6.8 million general fund budget, atop $400,000 the city siphoned from utility, street and motor vehicle and equipment funds to help fund retiree health care.
Iron Mountain spends another $650,00 a year on pensions for retired non-public safety workers, in addition to 3.3 mills a year in property tax homeowners shell out for police and fire pensions.
All that leaves less money for everything that makes a city livable, from police and fire protection to parks and recreation and roads.
Related: Will Michigan cities keep vow to cut legacy debt? New law lacks teeth
Opinion: Why does ‘fixing’ Michigan pensions stick it to workers?
Retiree pension, health care debts loom
A number of communities in Michigan are facing growing problems with debts to retirees and current employees. A number of the pension and retiree health care funds are woefully underfunded, putting pressure on present-day budgets. Per capita refers to unfunded liability owed for every person in communities where the debt is underfunded. You can search by community name or county using the search box.
| Community/ Group covered/ Debt type | Unfunded liability | Funded ratio (percent) | Underfunded? | Per capita |
|---|---|---|---|---|
| Alcona County All employees Pension | $4,683,594 | 68.4 | No | |
| Alger County All employees Pension | $4,127,492 | 67.5 | No | |
| Alger County All employees Health-care | $3,958,469 | 0 | No | |
| Munising All employees Pension | $3,323,164 | 61.9 | No | |
| Allegan All employees Pension | $1,735,604 | 68.6 | No | |
| Allegan County All employees Pension | $9,918,045 | 84.4 | No | |
| Douglas All employees Pension | $710,282 | 80 | No | |
| Manlius Township All employees Pension | $68,105 | 87.8 | No | |
| Plainwell All employees Health-care | $957,424 | 0 | No | |
| Saugatuck All employees Pension | $341,047 | 81.6 | No | |
| Saugatuck Township All employees Pension | $665,372 | 30.9 | No | |
| Wayland All employees Pension | $2,392,730 | 68.6 | No | |
| Alpena All employees Pension | $7,908,557 | 76.5 | No | |
| Alpena All employees Health-care | $4,350,343 | 21.2 | No | |
| Alpena County All employees Pension | $7,800,070 | 62.9 | No | |
| Antrim County All employees Pension | $7,540,034 | 73.6 | No | |
| Antrim County All employees Pension | $4,387,909 | 73.8 | No | |
| Antrim County All employees Health-care | $464,373 | 0 | No | |
| Central Lake All employees Pension | $14,413 | 92.8 | No | |
| Elk Rapids All employees Pension | $656,891 | 72.4 | No | |
| Arenac County All employees Pension | $3,520,193 | 72.6 | No | |
| Au Gres All employees Pension | $721,625 | 68 | No | |
| Au Gres All employees Health-care | $254,000 | 0 | No | |
| Standish All employees Pension | $1,049,863 | 60.8 | No | |
| Sterling All employees Pension | $-96,018 | 146 | No | |
| Baraga All employees Pension | $2,190,087 | 40.8 | Yes | $1,106 |
| Baraga County All employees Pension | $2,481,383 | 64.9 | No | |
| Baraga County All employees Health-care | $1,123,804 | 0 | No | |
| L'anse All employees Pension | $3,569,792 | 46.4 | Yes | $1,880 |
| Barry County All employees Pension | $11,396,928 | 78 | No | |
| Barry County All employees Health-care | $112,488 | 92.2 | No | |
| Hastings All employees Pension | $7,986,043 | 50 | No | |
| Hastings All employees Health-care | $9,800,802 | 2.2 | Yes | $1,340 |
| Middleville All employees Pension | $427,368 | 77.6 | No | |
| Middleville All employees Health-care | $651,714 | 0 | No | |
| Nashville All employees Pension | $-22,785 | 105.6 | No | |
| Auburn All employees Pension | $984,185 | 51.3 | No | |
| Bay City All employees Pension | $23,858,665 | 67.4 | No | |
| Bay City All employees Health-care | $115,290,656 | 12.9 | Yes | $3,474 |
| Bay City Police and fire Pension | $18,194,963 | 75 | No | |
| Bay County All employees Pension | $-17,790,986 | 107.3 | No | |
| Bay County Medical care facility Health-care | $39,629,000 | 17.8 | Yes | $380 |
| Bay County Voluntary employees' Health-care | $55,531,000 | 18.2 | Yes | $533 |
| Essexville All employees Pension | $2,320,550 | 66 | No | |
| Essexville All employees Health-care | $3,758,218 | 0 | Yes | $1,130 |
| Hampton Township All employees Health-care | $4,199,278 | 1.8 | Yes | $443 |
| Pinconning All employees Pension | $1,035,474 | 55.4 | No | |
| Frankfort All employees Pension | $1,754,699 | 49.8 | No | |
| Frankfort All employees Health-care | $545,675 | 16.9 | No | |
| Benton Charter Township All employees Pension | $8,299,678 | 69.3 | No | |
| Benton Charter Township All employees Health-care | $1,553,212 | 49.6 | No | |
| Benton Harbor All employees Pension | $16,482,433 | 37.6 | Yes | $1,672 |
| Berrien County All employees Pension | $91,437,259 | 62.8 | No | |
| Berrien County All employees Health-care | $35,406,863 | 49.7 | No | |
| Berrien Springs All employees Pension | $113,845 | 92.8 | No | |
| Bridgman All employees Pension | $541,399 | 70.6 | No | |
| Buchanan All employees Pension | $-42,167 | 100.6 | No | |
| Chikaming Township All employees Pension | $807,332 | 66.1 | No | |
| Coloma All employees Pension | $155,183 | 83.3 | No | |
| Coloma Charter Township All employees Pension | $909,489 | 60.9 | No | |
| Eau Claire All employees Pension | $351,476 | 34.2 | No | |
| Grand Beach All employees Pension | $14,011 | 95.9 | No | |
| New Buffalo All employees Pension | $600,972 | 76.6 | No | |
| Niles All employees Health-care | $4,469,619 | 0 | No | |
| Niles Retirement Plan A Pension | $3,994,719 | 81.6 | No | |
| Niles Retirement Plan B Pension | $6,139,855 | 70 | No | |
| Niles Charter Township All employees Pension | $2,462,688 | 61.4 | No | |
| Oronoko Charter Township All employees Pension | $713,925 | 69.3 | No | |
| St Joseph All employees Pension | $-1,019,234 | 101.6 | No | |
| St Joseph All employees Health-care | $2,079,964 | 0 | No | |
| Branch County All employees Pension | $4,314,677 | 74.6 | No | |
| Branch County All employees Health-care | $879,205 | 0 | No | |
| Bronson All employees Pension | $933,060 | 58.2 | No | |
| Coldwater All employees Pension | $9,824,737 | 65.5 | No | |
| Union City All employees Health-care | $1,657,315 | 0 | Yes | $1,057 |
| Albion All employees Pension | $825,847 | 94 | No | |
| Albion All employees Health-care | $290,514 | 13.6 | No | |
| Albion Public safety officers Pension | $-9,100,280 | 167.7 | No | |
| Battle Creek All employees Pension | $60,000,218 | 57.5 | Yes | $1,170 |
| Battle Creek All employees Health-care | $70,650,843 | 7.7 | No | |
| Battle Creek Police and fire Pension | $38,069,749 | 78.4 | No | |
| Calhoun County All employees Pension | $29,801,158 | 63.2 | No | |
| Calhoun County All employees Health-care | $10,183,199 | 0 | No | |
| Calhoun County Road department Pension | $10,163,117 | 44.4 | No | |
| Calhoun County Road department Health-care | $8,872,512 | 0 | No | |
| Emmett Charter Township All employees Pension | $1,325,667 | 74.5 | No | |
| Marshall All employees Pension | $13,114,357 | 61.8 | No | |
| Marshall All employees Health-care | $24,245,441 | 3.1 | Yes | $3,466 |
| Pennfield Charter Township All employees Pension | $888,880 | 68 | No | |
| Springfield All employees Pension | $3,683,565 | 63.6 | No | |
| Springfield All employees Health-care | $675,955 | 36.6 | No | |
| Cass All employees Pension | $9,290,667 | 69.5 | No | |
| Dowagiac All employees Pension | $10,421,400 | 48.7 | Yes | $1,811 |
| Dowagiac All employees Health-care | $219,902 | 65.9 | No | |
| Howard Township All employees Pension | $33,055 | 77.2 | No | |
| Boyne City All employees Pension | $2,383,672 | 73.2 | No | |
| Boyne City All employees Health-care | $460,827 | 0 | No | |
| Charlevoix All employees Pension | $5,069,059 | 62 | No | |
| Charlevoix All employees Pension | $14,425,947 | 72.2 | No | |
| Charlevoix All employees Health-care | $7,249,557 | 29.5 | No | |
| East Jordan All employees Pension | $1,699,188 | 65.5 | No | |
| Cheboygan All employees Pension | $4,068,388 | 61 | No | |
| Cheboygan All employees Pension | $8,494,256 | 69.7 | No | |
| Cheboygan All employees Health-care | $991,366 | 0 | No | |
| Mackinaw City All employees Pension | $200,590 | 82 | No | |
| Tuscarora Township All employees Pension | $763,384 | 66.6 | No | |
| Chippewa All employees Pension | $13,673,289 | 68.4 | No | |
| Chippewa All employees Health-care | $5,890,036 | 50.2 | No | |
| Detour All employees Pension | $299,523 | 37.9 | No | |
| Drummond Island Township All employees Pension | $40,235 | 80.4 | No | |
| Sault Ste Marie All employees Pension | $9,977,094 | 66.6 | No | |
| Sault Ste Marie Police and fire Pension | $14,024,023 | 50.6 | Yes | $1,029 |
| Clare All employees Pension | $3,499,691 | 59.5 | No | |
| Clare All employees Pension | $7,162,380 | 68.4 | No | |
| Clare All employees Health-care | $196,654 | 0 | No | |
| Clare Transit Pension | $86,786 | 66.7 | No | |
| Harrison All employees Pension | $1,037,007 | 70.3 | No | |
| Harrison All employees Health-care | $0 | 0 | No | |
| Bath Charter Township All employees Pension | $1,854,074 | 75 | No | |
| Clinton All employees Pension | $-630,905 | 101.1 | No | |
| Clinton All employees Pension | $-630,905 | 101.1 | No | |
| Clinton All employees Health-care | $-1,275,921 | 113.4 | No | |
| Dewitt All employees Pension | $2,646,240 | 48.4 | No | |
| Dewitt All employees Health-care | $-25,913 | 108.3 | No | |
| Dewitt Charter Township All employees Pension | $1,702,033 | 69.7 | No | |
| Fowler All employees Pension | $107,334 | 73 | No | |
| St Johns All employees Pension | $9,555,450 | 45.7 | Yes | $1,212 |
| Westphalia All employees Pension | $163,829 | 72.6 | No | |
| Crawford All employees Pension | $108,987 | 99.5 | No | |
| Crawford All employees Health-care | $3,345,130 | 0 | No | |
| Grayling All employees Pension | $1,726,595 | 56.9 | No | |
| Delta All employees Pension | $11,991,594 | 68 | No | |
| Escanaba All employees Pension | $16,134,586 | 54.9 | Yes | $1,320 |
| Escanaba Police and fire Pension | $5,668,457 | 83.5 | No | |
| Gladstone All employees Pension | $7,173,336 | 45.6 | Yes | $1,510 |
| Gladstone All employees Health-care | $2,489,098 | 0 | No | |
| Dickinson All employees Pension | $13,879,388 | 60.9 | No | |
| Dickinson All employees Health-care | $20,761,332 | 13.2 | No | |
| Iron Mountain All employees Pension | $7,713,862 | 38.1 | Yes | $1,048 |
| Iron Mountain All employees Health-care | $34,106,325 | 0 | Yes | $4,632 |
| Iron Mountain Police and fire Pension | $6,115,747 | 63.2 | No | |
| Kingsford All employees Pension | $3,121,965 | 62.9 | No | |
| Kingsford All employees Health-care | $1,081,040 | 8.9 | No | |
| Kingsford Police and fire Pension | $-522,075 | 103 | No | |
| Norway All employees Pension | $11,452,601 | 42.2 | Yes | $4,153 |
| Norway All employees Health-care | $1,086,134 | 14.3 | No | |
| Charlotte All employees Pension | $9,503,936 | 56.3 | No | |
| Charlotte All employees Health-care | $3,718,314 | 0 | No | |
| Delta Charter Township All employees Pension | $3,212,214 | 77.3 | No | |
| Delta Charter Township All employees Health-care | $3,981,492 | 78 | No | |
| Dimondale All employees Pension | $205,757 | 75.8 | No | |
| Eaton All employees Pension | $68,284,606 | 55.3 | No | |
| Eaton All employees Health-care | $42,762,108 | 22 | No | |
| Eaton Medical care facility Pension | $1,676,781 | 85.1 | No | |
| Eaton Medical care facility Health-care | $1,442,278 | 0 | No | |
| Eaton Rapids All employees Pension | $6,006,254 | 58.7 | Yes | $1,156 |
| Eaton Rapids All employees Health-care | $10,396,289 | 0 | Yes | $2,001 |
| Grand Ledge All employees Pension | $1,367,292 | 57.6 | No | |
| Grand Ledge All employees Health-care | $771,725 | 17.7 | No | |
| Potterville All employees Pension | $285,922 | 69.8 | No | |
| Emmet All employees Pension | $-452,090 | 110.7 | No | |
| Pellston All employees Pension | $132,363 | 72.2 | No | |
| Petoskey All employees Pension | $4,816,788 | 81.9 | No | |
| Petoskey Library Retiree Health Care Pension | $70,375 | 81.9 | No | |
| Burton All employees Pension | $30,893,418 | 41.3 | Yes | $1,079 |
| Burton All employees Health-care | $10,360,934 | 17.8 | No | |
| Clio All employees Pension | $454,499 | 73.9 | No | |
| Clio All employees Health-care | $331,295 | 17.1 | No | |
| Davison All employees Pension | $6,098,955 | 49.9 | Yes | $1,237 |
| Davison All employees Health-care | $19,228,830 | 2.2 | Yes | $3,901 |
| Davison Non-union Pension | $147,790 | 88.2 | No | |
| Davison Township All employees Pension | $4,046,885 | 71.6 | No | |
| Davison Township All employees Health-care | $5,110,638 | 25.4 | No | |
| Fenton All employees Pension | $6,666,621 | 60.2 | No | |
| Fenton All employees Health-care | $9,106,113 | 0 | No | |
| Fenton Charter Township All employees Health-care | $369,778 | 48.8 | No | |
| Flint All employees Pension | $345,745,163 | 37 | Yes | $3,585 |
| Flint All employees Health-care | $293,607,373 | 0 | Yes | $3,044 |
| Flint Charter Township All employees Pension | $12,257,630 | 60.7 | No | |
| Flint Charter Township All employees Health-care | $23,995,557 | 0.9 | Yes | $785 |
| Flint Charter Township Fire Pension | $2,250,745 | 76.1 | No | |
| Flushing All employees Pension | $10,334,315 | 47.9 | Yes | $1,300 |
| Flushing All employees Health-care | $11,085,498 | 4.9 | Yes | $1,395 |
| Flushing Charter Township All employees Pension | $2,157,416 | 61.6 | No | |
| Flushing Charter Township All employees Health-care | $661,972 | 0 | No | |
| Genesee All employees Pension | $159,079,421 | 58.9 | No | |
| Genesee All employees Health-care | $308,807,581 | 9.6 | No | |
| Genesee Charter Township All employees Pension | $9,282,743 | 47.5 | Yes | $451 |
| Genesee Charter Township All employees Health-care | $6,257,980 | 0 | No | |
| Grand Blanc All employees Pension | $517,633 | 96.3 | No | |
| Grand Blanc All employees Health-care | $3,139,553 | 14 | No | |
| Grand Blanc Charter Township All employees Pension | $8,311,303 | 60.4 | No | |
| Grand Blanc Charter Township All employees Health-care | $30,178,511 | 13.2 | Yes | $824 |
| Linden All employees Health-care | $1,058,300 | 25.8 | No | |
| Montrose All employees Pension | $552,654 | 47.8 | No | |
| Montrose All employees Health-care | $928,966 | 0 | Yes | $594 |
| Montrose Non-Union Health-care | $604,922 | 0 | Yes | $387 |
| Mount Morris Charter Township All employees Pension | $17,023,126 | 51.5 | Yes | $833 |
| Mount Morris Charter Township All employees Health-care | $14,538,229 | 0 | Yes | $711 |
| Mt Morris All employees Pension | $1,906,949 | 73.5 | No | |
| Mundy Charter Township All employees Pension | $1,937,505 | 76.2 | No | |
| Mundy Charter Township All employees Health-care | $2,063,799 | 40.4 | No | |
| Otisville All employees Pension | $370,980 | 69.2 | No | |
| Richfield Township All employees Pension | $2,222,003 | 54.9 | No | |
| Richfield Township All employees Health-care | $3,505,164 | 25.7 | Yes | $419 |
| Swartz Creek All employees Pension | $1,091,826 | 87.3 | No | |
| Thetford Township All employees Health-care | $1,136,825 | 0 | No | |
| Vienna Charter Township All employees Pension | $709,793 | 61.1 | No | |
| Vienna Charter Township All employees Health-care | $1,866,880 | 10.3 | No | |
| Gladwin All employees Pension | $7,133,865 | 69.6 | No | |
| Gladwin All employees Pension | $248,367 | 84.4 | No | |
| Gladwin All employees Health-care | $7,312,111 | 0 | No | |
| Bessemer All employees Pension | $901,262 | 64.1 | No | |
| Gogebic County All employees Pension | $11,041,411 | 71.5 | No | |
| Gogebic County All employees Health-care | $1,973,625 | 34.1 | No | |
| Ironwood All employees Pension | $9,592,090 | 48.1 | Yes | $1,930 |
| Ironwood All employees Health-care | $27,543 | 98.3 | No | |
| Marenisco Township All employees Pension | $122,005 | 73.2 | No | |
| Wakefield All employees Health-care | $892,906 | 0 | No | |
| Grand Traverse County All employees Pension | $46,078,284 | 51.9 | Yes | $502 |
| Grand Traverse County All employees Health-care | $2,515,857 | 9.2 | No | |
| Grand Traverse County Pavilions Pension | $7,864,621 | 79.8 | No | |
| Grand Traverse County Pavilions Health-care | $5,631,381 | 0 | No | |
| Long Lake Township All employees Health-care | $101,860 | 42.9 | No | |
| Traverse City All employees Pension | $15,038,794 | 60.5 | No | |
| Traverse City Police and fire Pension | $14,765,979 | 66.1 | No | |
| Traverse City Police and fire Health-care | $4,333,385 | 46.5 | No | |
| Traverse City Retiree Health Insurance Trust Health-care | $2,464,176 | 63.1 | No | |
| Alma All employees Pension | $5,592,862 | 75.1 | No | |
| Breckenridge All employees Pension | $1,454,681 | 38.6 | No | |
| Gratiot All employees Pension | $6,880,110 | 76.5 | No | |
| Gratiot All employees Health-care | $4,365,282 | 0 | No | |
| Ithaca All employees Pension | $2,055,247 | 55.1 | No | |
| Perrinton All employees Pension | $-1,573 | 101.7 | No | |
| St Louis All employees Pension | $2,007,603 | 73.9 | No | |
| Hillsdale All employees Pension | $4,756,514 | 79.3 | No | |
| Hillsdale All employees Pension | $3,207,454 | 61.5 | No | |
| Hillsdale All employees Health-care | $1,581,723 | 0 | No | |
| Litchfield All employees Pension | $666,294 | 64.3 | No | |
| Reading All employees Pension | $75,260 | 82.4 | No | |
| Hancock All employees Pension | $1,520,356 | 62.2 | No | |
| Houghton All employees Pension | $13,016,256 | 56.3 | No | |
| Houghton All employees Pension | $780,728 | 81.8 | No | |
| Houghton All employees Health-care | $1,039,987 | 0 | No | |
| Lake Linden All employees Pension | $624,170 | 50.3 | No | |
| Laurium All employees Pension | $1,099,822 | 55.5 | No | |
| Bad Axe All employees Pension | $3,509,535 | 55.5 | No | |
| Caseville All employees Pension | $742,456 | 72.7 | No | |
| Elkton All employees Pension | $67,622 | 88.6 | No | |
| Harbor Beach All employees Pension | $2,400,946 | 69.9 | No | |
| Harbor Beach All employees Health-care | $818,945 | 0 | No | |
| Huron All employees Pension | $27,700,272 | 66.8 | No | |
| Huron All employees Health-care | $17,400,036 | 19.5 | No | |
| Kinde All employees Pension | $-676 | 100.3 | No | |
| Pigeon All employees Pension | $467,670 | 59.6 | No | |
| Port Austin All employees Pension | $176,208 | 73.9 | No | |
| Sebewaing All employees Pension | $992,378 | 87.1 | No | |
| Ubly All employees Pension | $313,253 | 67 | No | |
| Ubly All employees Pension | $231,179 | 75.7 | No | |
| Delhi Charter Township All employees Health-care | $3,357,953 | 54.6 | No | |
| East Lansing All employees Pension | $89,406,070 | 50 | Yes | $1,830 |
| East Lansing All employees Health-care | $40,388,688 | 23.8 | No | |
| Lansing All employees Pension | $137,484,594 | 55.3 | Yes | $1,175 |
| Lansing All employees Health-care | $176,902,305 | 23.6 | Yes | $1,512 |
| Lansing Police and fire Pension | $141,228,895 | 67.1 | No | |
| Lansing Police and Fire Health-care | $260,758,959 | 11.6 | Yes | $2,229 |
| Lansing Charter Township All employees Pension | $1,482,158 | 83.3 | No | |
| Lansing Charter Township All employees Health-care | $5,791,667 | 1.4 | No | |
| Leslie All employees Pension | $607,661 | 68.2 | No | |
| Leslie Township All employees Pension | $82,161 | 81.7 | No | |
| Mason All employees Pension | $7,003,874 | 62.7 | No | |
| Mason All employees Health-care | $1,308,463 | 25.2 | No | |
| Meridian Charter Township All employees Pension | $27,747,564 | 55.5 | No | |
| Meridian Charter Township All employees Pension | $825,016 | 84.5 | No | |
| Meridian Charter Township All employees Health-care | $4,468,446 | 49.1 | No | |
| Stockbridge All employees Pension | $422,085 | 59.6 | No | |
| Vevay Township All employees Pension | $301,049 | 52.6 | No | |
| Williamston All employees Pension | $1,707,447 | 64.6 | No | |
| Williamston All employees Health-care | $1,852,608 | 0 | No | |
| Belding All employees Pension | $1,184,824 | 49.8 | No | |
| Belding All employees Health-care | $475,194 | 0 | No | |
| Ionia All employees Pension | $11,689,308 | 45.9 | Yes | $1,045 |
| Ionia All employees Pension | $1,975,827 | 79.9 | No | |
| Ionia All employees Pension | $1,089,977 | 90.3 | No | |
| Ionia All employees Health-care | $1,338,892 | 0 | No | |
| Lake Odessa All employees Pension | $-9,527 | 102.9 | No | |
| Lyons All employees Pension | $11,200 | 94.2 | No | |
| Muir All employees Pension | $87,356 | 74.9 | No | |
| Pewamo All employees Pension | $96,331 | 72 | No | |
| Portland All employees Pension | $5,437,922 | 60.3 | No | |
| Portland All employees Health-care | $1,245,219 | 0 | No | |
| Iosco All employees Pension | $7,585,950 | 72.2 | No | |
| Oscoda Charter Township All employees Pension | $1,461,717 | 65.2 | No | |
| Alpha All employees Pension | $-18,440 | 138.8 | No | |
| Bates Township All employees Pension | $169,063 | 43.5 | No | |
| Caspian All employees Pension | $690,212 | 46.8 | No | |
| Crystal Falls All employees Pension | $4,018,355 | 56.4 | Yes | $2,918 |
| Crystal Falls All employees Health-care | $3,092,120 | 2.8 | Yes | $2,246 |
| Gaastra All employees Pension | $120,642 | 62.2 | No | |
| Iron All employees Pension | $2,518,167 | 70.4 | No | |
| Iron River All employees Pension | $4,277,287 | 56.3 | No | |
| Stambaugh Township All employees Pension | $66,261 | 57.8 | No | |
| Isabella All employees Pension | $14,617,325 | 68.4 | No | |
| Mt Pleasant All employees Pension | $9,752,036 | 69.1 | No | |
| Mt Pleasant All employees Pension | $9,752,036 | 69.1 | No | |
| Mt Pleasant All employees Health-care | $4,037,457 | 0 | No | |
| Mt Pleasant All employees Health-care | $4,037,457 | 0 | No | |
| Mt Pleasant Police Health-care | $615,282 | 70.9 | No | |
| Mt Pleasant Police Health-care | $615,282 | 70.9 | No | |
| Mt Pleasant Police and fire Pension | $2,573,237 | 91 | No | |
| Mt Pleasant Police and fire Pension | $2,573,237 | 91 | No | |
| Blackman Charter Township All employees Pension | $4,653,431 | 62.4 | No | |
| Blackman Charter Township All employees Health-care | $14,711,775 | 0 | Yes | $631 |
| Brooklyn All employees Pension | $400,566 | 65.3 | No | |
| Brooklyn All employees Health-care | $57,221 | 0 | No | |
| Jackson All employees Pension | $9,720,635 | 80.1 | No | |
| Jackson All employees Health-care | $54,904,822 | 1.4 | No | |
| Jackson Police and fire Pension | $4,276,377 | 43.4 | Yes | $131 |
| Jackson Police and fire Pension | $34,907,460 | 53.1 | Yes | $1,067 |
| Jackson County All employees Pension | $59,477,718 | 71.3 | No | |
| Jackson County All employees Health-care | $117,277,316 | 0 | No | |
| Leoni Township All employees Pension | $2,048,887 | 66.5 | No | |
| Leoni Township All employees Health-care | $422,203 | 0 | No | |
| Summit Township All employees Pension | $6,105,862 | 57.6 | Yes | $272 |
| Cooper Charter Township All employees Health-care | $154,486 | 60.1 | No | |
| Kalamazoo All employees Pension | $-209,922,183 | 145.5 | No | |
| Kalamazoo All employees Health-care | $70,751,497 | 57.4 | No | |
| Kalamazoo Charter Township All employees Pension | $3,201,049 | 75.7 | No | |
| Kalamazoo Charter Township All employees Health-care | $4,612,975 | 0 | No | |
| Kalamazoo County All employees Pension | $-38,242,716 | 129.4 | No | |
| Kalamazoo County All employees Health-care | $42,632,049 | 22.5 | No | |
| Oshtemo Charter Township All employees Health-care | $0 | 100 | No | |
| Parchment All employees Pension | $1,429,482 | 58.5 | No | |
| Parchment All employees Health-care | $531,714 | 0 | No | |
| Portage All employees Pension | $106,974 | 95.5 | No | |
| Portage All employees Health-care | $-1,767,651 | 129.4 | No | |
| Vicksburg All employees Pension | $997,474 | 65 | No | |
| Clearwater Township All employees Pension | $30,613 | 75.8 | No | |
| Kalkaska All employees Pension | $2,804,021 | 48.4 | No | |
| Kalkaska All employees Health-care | $2,044,340 | 0 | No | |
| Kalkaska County All employees Pension | $5,602,574 | 73.6 | No | |
| Kalkaska County All employees Health-care | $979,690 | 20.6 | No | |
| Byron Township All employees Health-care | $470,350 | 0 | No | |
| Cascade Charter Township All employees Pension | $2,088,483 | 80.2 | No | |
| Cedar Springs All employees Pension | $713,682 | 78.5 | No | |
| East Grand Rapids All employees Pension | $9,619,184 | 47.6 | No | |
| East Grand Rapids All employees Health-care | $1,968,699 | 39.7 | No | |
| Grand Rapids All employees Pension | $120,134,505 | 76.5 | No | |
| Grand Rapids All employees Health-care | $49,285,772 | 16 | No | |
| Grand Rapids Fire Health-care | $24,198,678 | 37.3 | No | |
| Grand Rapids Library Health-care | $218,870 | 0 | No | |
| Grand Rapids Police Health-care | $37,463,120 | 39.1 | No | |
| Grand Rapids Police and fire Pension | $98,752,084 | 79.5 | No | |
| Grandville All employees Health-care | $2,829,966 | 29.6 | No | |
| Kent County All employees Pension | $-36,933,648 | 104.3 | No | |
| Kent County All employees Health-care | $33,397,244 | 43.1 | No | |
| Kentwood All employees Pension | $332,197 | 99.1 | No | |
| Kentwood All employees Health-care | $-859,499 | 176.6 | No | |
| Lowell All employees Pension | $5,478,203 | 61.5 | No | |
| Lowell All employees Health-care | $467,011 | 0 | No | |
| Plainfield Charter Township All employees Health-care | $1,667,638 | 0 | Yes | $49 |
| Rockford All employees Pension | $3,269,113 | 62.8 | No | |
| Sparta All employees Pension | $1,528,308 | 71 | No | |
| Sparta All employees Health-care | $253,375 | 0 | No | |
| Walker All employees Pension | $9,764,262 | 57 | No | |
| Walker All employees Health-care | $6,289,560 | 15.1 | No | |
| Wyoming All employees Pension | $22,087,560 | 88.3 | No | |
| Wyoming All employees Health-care | $63,092,383 | 36.7 | Yes | $831 |
| Keweenaw County All employees Pension | $731,818 | 78.7 | No | |
| Lake County All employees Pension | $5,164,259 | 71.1 | No | |
| Lake County All employees Health-care | $5,662,729 | 0 | No | |
| Almont All employees Pension | $664,507 | 75.8 | No | |
| Almont All employees Health-care | $1,459,747 | 0 | No | |
| Dryden All employees Pension | $97,659 | 76 | No | |
| Imlay City All employees Pension | $3,048,013 | 63.2 | No | |
| Imlay City All employees Health-care | $150,926 | 68.7 | No | |
| Lapeer All employees Pension | $9,084,591 | 66.1 | No | |
| Lapeer All employees Pension | $16,238,839 | 86.4 | No | |
| Lapeer All employees Health-care | $24,679,290 | 5.3 | Yes | $2,833 |
| Metamora Township All employees Pension | $188,549 | 84.1 | No | |
| Metamora Township All employees Health-care | $158,708 | 72.8 | No | |
| Leelanau County All employees Pension | $3,700,256 | 87 | No | |
| Adrian All employees Pension | $21,847,395 | 64.2 | No | |
| Blissfield All employees Pension | $654,338 | 84.1 | No | |
| Clinton All employees Pension | $380,487 | 93.1 | No | |
| Deerfield All employees Pension | $513,518 | 66.2 | No | |
| Lenawee County All employees Pension | $14,319,376 | 83.4 | No | |
| Lenawee County All employees Health-care | $929,263 | 0 | No | |
| Lenawee County Medical care facility - salaried Pension | $1,165,885 | 84.9 | No | |
| Lenawee County Medical care facility - union Pension | $-151,126 | 106.8 | No | |
| Madison Charter Township All employees Pension | $413,594 | 73.2 | No | |
| Tecumseh All employees Pension | $4,161,212 | 83.9 | No | |
| Tecumseh All employees Health-care | $178,629 | 87.7 | No | |
| Brighton All employees Pension | $8,839,321 | 60.1 | No | |
| Brighton All employees Health-care | $12,193,676 | 9.7 | No | |
| Brighton Charter Township All employees Pension | $212,928 | 89 | No | |
| Fowlerville All employees Pension | $781,498 | 79.2 | No | |
| Genoa Charter Township All employees Pension | $84,319 | 77.9 | No | |
| Green Oak Township All employees Pension | $3,234,513 | 59.8 | No | |
| Green Oak Township All employees Health-care | $1,280,301 | 11.3 | No | |
| Hamburg Township All employees Pension | $1,606,299 | 66.5 | No | |
| Howell All employees Pension | $10,712,937 | 56.1 | Yes | $1,125 |
| Howell All employees Health-care | $9,571,436 | 0 | No | |
| Livingston County All employees Pension | $44,241,086 | 68.1 | No | |
| Oceola Township All employees Pension | $148,527 | 88.4 | No | |
| Pinckney All employees Pension | $467,666 | 83.7 | No | |
| Pinckney All employees Health-care | $72,548 | 56.8 | No | |
| Luce County All employees Pension | $3,148,671 | 55.4 | No | |
| Mackinac All employees Pension | $5,076,807 | 72 | No | |
| Mackinac All employees Health-care | $1,740,310 | 23.7 | No | |
| St Ignace All employees Pension | $4,537,242 | 62.4 | No | |
| St Ignace All employees Health-care | $860,764 | 0 | No | |
| Bruce Township All employees Health-care | $4,714,632 | 0 | Yes | $510 |
| Center Line All employees Pension | $4,336,582 | 47.2 | Yes | $524 |
| Center Line All employees Health-care | $19,940,125 | 14.3 | Yes | $2,410 |
| Center Line Police and fire Pension | $6,582,015 | 64.5 | No | |
| Chesterfield Charter Township All employees Pension | $10,325,194 | 72.3 | No | |
| Chesterfield Charter Township All employees Health-care | $9,698,111 | 60.2 | No | |
| Clinton Charter Township All employees Pension | $30,288,833 | 58.4 | No | |
| Clinton Charter Township All employees Health-care | $63,141,128 | 38.3 | No | |
| Clinton Charter Township Police and fire Pension | $44,799,494 | 72.3 | No | |
| Eastpointe All employees Pension | $43,576,016 | 48 | Yes | $1,340 |
| Eastpointe All employees Health-care | $28,504,657 | 20.5 | No | |
| Fraser All employees Pension | $29,008,386 | 49.8 | Yes | $1,986 |
| Fraser All employees Health-care | $39,098,867 | 0 | Yes | $2,677 |
| Harrison Charter Township All employees Pension | $7,352,898 | 66.6 | No | |
| Harrison Charter Township All employees Health-care | $14,428,157 | 12.9 | Yes | $577 |
| Harrison Charter Township Fire Pension | $13,647,570 | 48.5 | Yes | $545 |
| Harrison Charter Township Fire Health-care | $13,766,894 | 12.9 | Yes | $550 |
| Macomb County All employees Pension | $7,000,957 | 99.3 | No | |
| Macomb County All employees Health-care | $294,678,172 | 46.4 | No | |
| Macomb County Road department Health-care | $28,713,283 | 60.7 | No | |
| Macomb Township All employees Pension | $542,672 | 83.8 | No | |
| Macomb Township All employees Health-care | $-2,823,892 | 113.8 | No | |
| Mount Clemens All employees Pension | $-2,065,975 | 103.4 | No | |
| Mount Clemens All employees Health-care | $52,986,424 | 0 | Yes | $3,248 |
| New Baltimore All employees Pension | $3,107,466 | 80.8 | No | |
| New Baltimore All employees Health-care | $10,827,699 | 20.9 | Yes | $875 |
| Romeo All employees Pension | $3,149,831 | 60.8 | No | |
| Romeo All employees Health-care | $7,184,188 | 0 | Yes | $1,985 |
| Roseville All employees Pension | $56,917,501 | 70.7 | No | |
| Roseville All employees Health-care | $68,965,885 | 9.1 | No | |
| Shelby Charter Township All employees Pension | $-3,774,248 | 103.5 | No | |
| Shelby Charter Township All employees Health-care | $50,271,938 | 36.5 | No | |
| St Clair Shores All employees Pension | $26,832,029 | 59.3 | Yes | $450 |
| St Clair Shores All employees Health-care | $55,599,653 | 10.2 | Yes | $932 |
| St Clair Shores Police and fire Pension | $60,867,783 | 62.8 | No | |
| St Clair Shores Police and fire Health-care | $90,879,748 | 12.1 | Yes | $1,524 |
| Sterling Heights All employees Pension | $31,735,319 | 77.6 | No | |
| Sterling Heights All employees Health-care | $97,855,329 | 50.9 | No | |
| Sterling Heights Police and fire Pension | $107,602,809 | 65.2 | No | |
| Utica All employees Pension | $2,162,855 | 60.9 | No | |
| Utica All employees Health-care | $2,810,171 | 28.9 | No | |
| Utica Police and fire Pension | $3,903,673 | 67.8 | No | |
| Warren All employees Pension | $68,227,676 | 63.4 | No | |
| Warren All employees Health-care | $122,967,688 | 21 | Yes | $911 |
| Warren Police and fire Pension | $176,482,355 | 61.4 | No | |
| Warren Police and fire Health-care | $147,743,583 | 13.2 | Yes | $1,094 |
| Washington Township All employees Health-care | $88,520 | 82.8 | No | |
| Manistee All employees Pension | $3,959,651 | 79.1 | No | |
| Manistee All employees Health-care | $330,195 | 0 | No | |
| Manistee County All employees Pension | $15,533,841 | 66.6 | No | |
| Manistee County All employees Health-care | $2,994,987 | 0 | Yes | $123 |
| Chocolay Charter Township All employees Pension | $-74,142 | 104.4 | No | |
| Forsyth Township All employees Pension | $3,278,821 | 52.5 | No | |
| Forsyth Township All employees Health-care | $26,349 | 0 | No | |
| Ishpeming All employees Pension | $7,847,613 | 51.9 | Yes | $1,218 |
| Ishpeming Police and fire Pension | $2,044,200 | 68.4 | No | |
| Ishpeming Township All employees Pension | $240,900 | 86.2 | No | |
| Marquette All employees Pension | $25,673,298 | 56.6 | Yes | $1,245 |
| Marquette All employees Health-care | $8,422,352 | 0 | No | |
| Marquette Police and fire Pension | $11,904,822 | 73.1 | No | |
| Marquette Charter Township All employees Pension | $863,752 | 71.1 | No | |
| Marquette County All employees Pension | $39,162,034 | 61.4 | No | |
| Marquette County All employees Health-care | $54,792,835 | 0 | No | |
| Negaunee All employees Pension | $5,597,065 | 55.2 | No | |
| Negaunee All employees Health-care | $9,608,174 | 0 | No | |
| Negaunee Police Pension | $110,524 | 96.7 | No | |
| Ludington All employees Pension | $6,193,349 | 68.6 | No | |
| Ludington All employees Pension | $6,193,349 | 68.6 | No | |
| Ludington All employees Health-care | $843,173 | 0 | No | |
| Ludington Police Pension | $2,063,322 | 73.1 | No | |
| Ludington Police Pension | $2,063,322 | 73.1 | No | |
| Mason County All employees Pension | $14,898,000 | 74.6 | No | |
| Mason County All employees Health-care | $55,859 | 98.8 | No | |
| Scottville All employees Pension | $118,362 | 83.1 | No | |
| Big Rapids All employees Pension | $5,884,433 | 60.7 | No | |
| Big Rapids Police and fire Pension | $1,987,873 | 71 | No | |
| Mecosta All employees Pension | $-643,008 | 101.8 | No | |
| Morton Township All employees Health-care | $264,110 | 0 | No | |
| Menominee All employees Pension | $2,377,260 | 74.5 | No | |
| Menominee Police and fire Pension | $6,819,696 | 60.4 | No | |
| Stephenson All employees Pension | $279,748 | 56.4 | No | |
| Coleman All employees Pension | $1,022,914 | 63.3 | No | |
| Midland All employees Pension | $64,124,474 | 54.7 | Yes | $1,529 |
| Midland All employees Health-care | $51,141,162 | 44.1 | No | |
| Midland Police and fire Pension | $23,443,455 | 72.7 | No | |
| Midland County All employees Pension | $1,897,411 | 96.9 | No | |
| Midland County All employees Health-care | $38,552,866 | 40.8 | No | |
| Midland County Police and fire Pension | $2,802,420 | 90.4 | No | |
| Missaukee County All employees Pension | $1,997,790 | 69.6 | No | |
| Ash Township All employees Pension | $418,395 | 50.1 | No | |
| Bedford Township All employees Health-care | $924,844 | 0 | No | |
| Carleton All employees Pension | $397,987 | 70 | No | |
| Dundee All employees Pension | $1,658,773 | 58.5 | No | |
| Erie Township All employees Pension | $-32,099 | 134.4 | No | |
| Frenchtown Charter Township All employees Health-care | $1,373,965 | 81.6 | No | |
| Monroe All employees Pension | $91,584,359 | 67.4 | No | |
| Monroe All employees Pension | $11,804,797 | 92 | No | |
| Monroe All employees Health-care | $77,490,432 | 39.3 | Yes | $518 |
| Monroe All employees Health-care | $10,328,132 | 84.7 | No | |
| Petersburg All employees Pension | $-28,521 | 105.8 | No | |
| Raisinville Township All employees Health-care | $524,896 | 0 | No | |
| Carson City All employees Pension | $128,981 | 69.4 | No | |
| Greenville All employees Pension | $1,835,994 | 70.6 | No | |
| Greenville All employees Health-care | $1,499,683 | 0 | No | |
| Howard City All employees Pension | $193,840 | 76.7 | No | |
| Montcalm All employees Pension | $18,649,744 | 55 | No | |
| Montcalm All employees Health-care | $1,719,774 | 0 | No | |
| Stanton All employees Pension | $-46,511 | 186.1 | No | |
| Montmorency All employees Pension | $5,422,722 | 55.8 | Yes | $586 |
| Montmorency All employees Health-care | $0 | 0 | No | |
| Egelston Township All employees Health-care | $1,149,000 | 7.9 | No | |
| Fruitport Charter Township All employees Health-care | $1,447,000 | 12.6 | No | |
| Laketon Township All employees Health-care | $657,615 | 0 | No | |
| Montague All employees Pension | $2,072,136 | 65.5 | No | |
| Montague All employees Health-care | $285,000 | 71.1 | No | |
| Muskegon All employees Pension | $23,906,954 | 77.9 | No | |
| Muskegon All employees Pension | $101,456,714 | 62.5 | No | |
| Muskegon All employees Health-care | $38,750,523 | 55.8 | No | |
| Muskegon All employees Health-care | $4,108,000 | 81.4 | No | |
| Muskegon Charter Township All employees Pension | $7,257,648 | 67.2 | No | |
| Muskegon Charter Township All employees Health-care | $9,779,125 | 0 | No | |
| North Muskegon All employees Pension | $1,660,464 | 74.4 | No | |
| North Muskegon All employees Health-care | $2,562,000 | 20 | Yes | $675 |
| Ravenna All employees Pension | $58,046 | 90.2 | No | |
| Roosevelt Park All employees Pension | $2,451,869 | 56.1 | No | |
| Roosevelt Park All employees Health-care | $1,329,000 | 14.3 | No | |
| Whitehall All employees Pension | $1,805,050 | 70 | No | |
| Whitehall All employees Health-care | $953,852 | 0 | No | |
| Fremont All employees Pension | $5,396,039 | 56.9 | Yes | $1,344 |
| Fremont All employees Health-care | $232,914 | 9.2 | No | |
| Newaygo All employees Pension | $5,842,391 | 77.5 | No | |
| Newaygo All employees Health-care | $10,133,349 | 22.8 | No | |
| White Cloud All employees Pension | $427,768 | 57 | No | |
| Auburn Hills All employees Pension | $18,319,047 | 74.1 | No | |
| Auburn Hills All employees Health-care | $13,954,479 | 56.4 | No | |
| Berkley All employees Pension | $9,500,638 | 54.6 | No | |
| Berkley All employees Health-care | $25,440,490 | 8 | Yes | $1,659 |
| Berkley Public safety Pension | $4,983,377 | 78.8 | No | |
| Beverly Hills All employees Pension | $3,765,709 | 84.7 | No | |
| Beverly Hills All employees Health-care | $8,775,084 | 41.2 | No | |
| Bingham Farms All employees Pension | $68,626 | 77.3 | No | |
| Birmingham All employees Pension | $15,160,060 | 86.8 | No | |
| Birmingham All employees Health-care | $26,882,432 | 54.7 | No | |
| Bloomfield Charter Township All employees Pension | $5,433,551 | 97.5 | No | |
| Bloomfield Charter Township All employees Health-care | $151,953,612 | 3.5 | Yes | $3,614 |
| Bloomfield Hills All employees Pension | $6,196,747 | 82.6 | No | |
| Bloomfield Hills All employees Health-care | $9,532,159 | 13.7 | No | |
| Brandon Charter Township All employees Pension | $1,409,551 | 80 | No | |
| Brandon Charter Township All employees Health-care | $2,024,768 | 30.8 | No | |
| Clawson All employees Pension | $14,417,115 | 40.9 | Yes | $1,207 |
| Clawson All employees Health-care | $14,093,576 | 0 | No | |
| Clawson Fire Pension | $137,289 | 96.3 | No | |
| Commerce Charter Township All employees Health-care | $-81,078 | 128.7 | No | |
| Farmington All employees Pension | $5,546,178 | 77.7 | No | |
| Farmington All employees Health-care | $1,279,708 | 88 | No | |
| Farmington Hills All employees Pension | $39,259,027 | 79.2 | No | |
| Farmington Hills All employees Health-care | $-239,888 | 100.3 | No | |
| Ferndale All employees Pension | $-12,043,677 | 252.6 | No | |
| Ferndale All employees Health-care | $32,210,845 | 33.8 | No | |
| Ferndale Police and fire Pension | $3,144,569 | 93.3 | No | |
| Franklin All employees Pension | $3,386,139 | 54 | No | |
| Franklin All employees Health-care | $603,464 | 36.6 | No | |
| Groveland Township All employees Pension | $-9,529 | 100.5 | No | |
| Groveland Township All employees Health-care | $-252,010 | 197.2 | No | |
| Hazel Park All employees Pension | $33,151,813 | 48.7 | Yes | $2,011 |
| Hazel Park All employees Health-care | $70,219,751 | 0 | Yes | $4,259 |
| Highland Charter Township All employees Health-care | $-431,055 | 176.4 | No | |
| Holly All employees Pension | $7,065,277 | 49.3 | Yes | $1,147 |
| Holly All employees Health-care | $524,088 | 41.9 | No | |
| Huntington Woods All employees Pension | $10,385,861 | 56.9 | Yes | $1,644 |
| Huntington Woods All employees Health-care | $6,884,909 | 15 | No | |
| Independence Charter Township All employees Pension | $4,005,400 | 67.3 | No | |
| Independence Charter Township All employees Health-care | $3,050,084 | 62.8 | No | |
| Keego Harbor All employees Pension | $2,247,670 | 49 | No | |
| Keego Harbor All employees Health-care | $66,112 | 0 | No | |
| Lake Orion All employees Pension | $1,296,919 | 66.6 | No | |
| Lake Orion All employees Health-care | $1,768,166 | 3.9 | No | |
| Lathrup Village All employees Pension | $1,931,112 | 76.7 | No | |
| Lathrup Village All employees Health-care | $4,830,441 | 0 | No | |
| Lyon Charter Township All employees Health-care | $708,604 | 0 | No | |
| Madison Heights All employees Pension | $116,579 | 99.7 | No | |
| Madison Heights All employees Health-care | $27,937,599 | 26.1 | Yes | $930 |
| Madison Heights Police and fire Pension | $35,833,493 | 54.2 | Yes | $1,192 |
| Madison Heights Police and fire Health-care | $47,477,982 | 21.9 | Yes | $1,580 |
| Milford All employees Pension | $3,454,638 | 75.2 | No | |
| Milford All employees Health-care | $-57,000 | 104.1 | No | |
| Milford Charter Township All employees Health-care | $286,267 | 84 | No | |
| Novi All employees Pension | $37,680,847 | 61.2 | No | |
| Novi All employees Health-care | $1,436,123 | 94.4 | No | |
| Oak Park All employees Pension | $21,430,091 | 47.4 | Yes | $723 |
| Oak Park All employees Health-care | $26,825,302 | 4 | Yes | $905 |
| Oak Park District court Health-care | $4,737,968 | 0 | Yes | $160 |
| Oak Park Public safety Pension | $31,181,662 | 56.5 | Yes | $1,052 |
| Oak Park Public safety Health-care | $27,972,604 | 6.3 | Yes | $943 |
| Oakland All employees Pension | $-22,497,565 | 103 | No | |
| Oakland All employees Health-care | $-261,360,097 | 126.6 | No | |
| Orchard Lake Village All employees Pension | $1,854,602 | 68.2 | No | |
| Orchard Lake Village All employees Health-care | $2,015,582 | 0 | No | |
| Oxford All employees Pension | $1,311,832 | 60.2 | No | |
| Oxford Charter Township All employees Pension | $2,260,557 | 57.1 | No | |
| Oxford Charter Township All employees Health-care | $572,603 | 0.4 | No | |
| Pleasant Ridge All employees Pension | $2,937,320 | 50.5 | No | |
| Pleasant Ridge All employees Health-care | $5,243,712 | 0 | No | |
| Pontiac All employees Pension | $-201,510,213 | 176.1 | No | |
| Pontiac All employees Health-care | $84,764,641 | 0 | Yes | $1,418 |
| Pontiac Police and fire Pension | $27,740,757 | 88.9 | No | |
| Pontiac Police and fire Health-care | $-1,831,819 | 104.9 | No | |
| Rochester All employees Pension | $7,902,744 | 63.7 | No | |
| Rochester All employees Health-care | $1,520,730 | 85.5 | No | |
| Rochester Hills All employees Health-care | $-51,287 | 102.4 | No | |
| Rose Township All employees Health-care | $-85,510 | 331.7 | No | |
| Royal Oak All employees Pension | $61,620,696 | 71.5 | No | |
| Royal Oak All employees Health-care | $-8,456,086 | 106.8 | No | |
| Royal Oak Charter Township All employees Pension | $-519,120 | 122.6 | No | |
| Royal Oak Charter Township All employees Health-care | $89,053 | 0 | No | |
| South Lyon All employees Pension | $5,132,219 | 66.1 | No | |
| South Lyon All employees Health-care | $988,975 | 0 | No | |
| Southfield Township All employees Health-care | $90,725 | 56.7 | No | |
| Sylvan Lake All employees Pension | $1,028,084 | 64.5 | No | |
| Sylvan Lake All employees Health-care | $456,738 | 46.8 | No | |
| Troy All employees Pension | $-27,095,476 | 116.8 | No | |
| Troy All employees Health-care | $59,601,825 | 56.5 | No | |
| Troy Fire Pension | $10,466,687 | 44.4 | No | |
| Walled Lake All employees Pension | $10,003,705 | 29.4 | No | |
| Walled Lake All employees Health-care | $3,042,932 | 0.3 | No | |
| Waterford Charter Township All employees Pension | $-2,152,474 | 103.4 | No | |
| Waterford Charter Township All employees Health-care | $175,406,695 | 6.1 | Yes | $2,406 |
| Waterford Charter Township Police and fire Pension | $10,742,239 | 90.1 | No | |
| West Bloomfield Charter Township All employees Pension | $18,267,474 | 88.3 | No | |
| West Bloomfield Charter Township All employees Health-care | $5,927,255 | 92.3 | No | |
| White Lake Charter Township All employees Pension | $8,763,939 | 70.6 | No | |
| White Lake Charter Township All employees Health-care | $11,176,091 | 3.5 | No | |
| Wixom All employees Pension | $14,974,219 | 54.2 | No | |
| Wixom All employees Health-care | $4,870,218 | 53.1 | No | |
| Wolverine Lake All employees Pension | $1,427,535 | 55.5 | No | |
| Wolverine Lake All employees Health-care | $196,415 | 2.1 | No | |
| Hart All employees Health-care | $2,120,726 | 7.6 | Yes | $1,008 |
| Hesperia All employees Pension | $-31,110 | 197.8 | No | |
| Oceana All employees Pension | $7,686,714 | 66.6 | No | |
| Oceana All employees Health-care | $422,827 | 51.1 | No | |
| Pentwater All employees Pension | $559,020 | 72.5 | No | |
| Pentwater All employees Health-care | $374,729 | 12.7 | No | |
| Ogemaw All employees Pension | $8,215,086 | 71.4 | No | |
| Ogemaw All employees Health-care | $652,502 | 0 | No | |
| Rose City All employees Pension | $115,571 | 82.4 | No | |
| Rose Township All employees Pension | $-203,998 | 234.8 | No | |
| West Branch All employees Pension | $1,985,063 | 64.6 | No | |
| West Branch All employees Health-care | $145,796 | 0 | No | |
| Ontonagon All employees Pension | $6,197,328 | 56.3 | Yes | $4,775 |
| Ontonagon County All employees Pension | $3,417,156 | 66.4 | No | |
| Ontonagon County All employees Pension | $3,417,156 | 66.4 | No | |
| Evart All employees Pension | $277,312 | 46.1 | No | |
| Marion All employees Pension | $157,531 | 75.2 | No | |
| Osceola All employees Pension | $3,012,398 | 85.1 | No | |
| Osceola All employees Pension | $3,012,398 | 85.1 | No | |
| Reed City All employees Pension | $2,639,920 | 61.1 | No | |
| Oscoda All employees Pension | $3,726,022 | 64.9 | No | |
| Oscoda All employees Health-care | $303,470 | 0 | No | |
| Gaylord All employees Pension | $5,927,547 | 57.3 | No | |
| Gaylord All employees Health-care | $959,585 | 0 | No | |
| Otsego County All employees Pension | $8,374,180 | 61.9 | No | |
| Otsego County All employees Health-care | $1,930,701 | 0 | No | |
| Coopersville All employees Pension | $685,149 | 75.7 | No | |
| Ferrysburg All employees Pension | $634,116 | 70 | No | |
| Grand Haven All employees Pension | $28,040,620 | 72.3 | No | |
| Grand Haven All employees Health-care | $4,405,276 | 30.7 | No | |
| Grand Haven Charter Township All employees Health-care | $231,059 | 34.4 | No | |
| Holland All employees Pension | $26,906,559 | 79.5 | No | |
| Holland All employees Health-care | $5,192,937 | 0 | No | |
| Holland Charter Township All employees Health-care | $139,685 | 0 | Yes | $4 |
| Hudsonville All employees Pension | $748,689 | 67 | No | |
| Olive Township All employees Pension | $144,796 | 65.1 | No | |
| Ottawa County All employees Pension | $59,546,359 | 78.2 | No | |
| Ottawa County All employees Health-care | $1,992,837 | 72.3 | No | |
| Park Township All employees Health-care | $0 | 0 | No | |
| Port Sheldon Township All employees Pension | $-6,736 | 100.8 | No | |
| Spring Lake All employees Pension | $828,228 | 78.4 | No | |
| Spring Lake Township All employees Health-care | $923,798 | 0 | No | |
| Zeeland All employees Pension | $1,501,052 | 85.2 | No | |
| Zeeland All employees Health-care | $-81,308 | 104 | No | |
| Onaway All employees Pension | $90,731 | 87.7 | No | |
| Presque Isle County All employees Pension | $4,552,684 | 65 | No | |
| Rogers City All employees Pension | $5,826,738 | 47 | Yes | $2,164 |
| Rogers City All employees Health-care | $648,725 | 0 | No | |
| Richfield Township All employees Pension | $1,114,302 | 62.1 | No | |
| Roscommon County All employees Pension | $7,117,286 | 74.5 | No | |
| Roscommon County All employees Health-care | $0 | 0 | No | |
| Birch Run All employees Pension | $219,955 | 86 | No | |
| Bridgeport Charter Township All employees Pension | $3,406,696 | 61.7 | No | |
| Bridgeport Charter Township All employees Health-care | $1,026,964 | 0 | No | |
| Buena Vista Charter Township All employees Pension | $4,074,530 | 66.1 | No | |
| Buena Vista Charter Township All employees Health-care | $2,594,879 | 0 | No | |
| Carrollton Township All employees Pension | $1,167,683 | 71.7 | No | |
| Chesaning All employees Pension | $2,691,172 | 18.4 | No | |
| Chesaning All employees Health-care | $212,380 | 0 | No | |
| Frankenmuth All employees Pension | $4,673,874 | 68.3 | No | |
| Frankenmuth All employees Health-care | $252,700 | 0 | No | |
| Richland Township All employees Pension | $2,135,694 | 55.9 | No | |
| Richland Township All employees Health-care | $1,655,751 | 0 | No | |
| Saginaw All employees Pension | $161,623,852 | 51.7 | Yes | $3,320 |
| Saginaw All employees Health-care | $272,539,089 | 0 | Yes | $5,599 |
| Saginaw Charter Township All employees Pension | $7,100,638 | 63.3 | No | |
| Saginaw Charter Township All employees Health-care | $7,542,820 | 25.4 | No | |
| Saginaw County All employees Pension | $26,312,329 | 81.9 | No | |
| Saginaw County All employees Health-care | $81,146,451 | 19.7 | No | |
| St Charles All employees Pension | $1,915,828 | 55.2 | Yes | $994 |
| St Charles All employees Health-care | $1,299,434 | 0 | No | |
| Swan Creek Township All employees Pension | $149,457 | 80.3 | No | |
| Swan Creek Township All employees Pension | $143,296 | 81.8 | No | |
| Tittabawassee Township All employees Pension | $254,676 | 92.3 | No | |
| Tittabawassee Township All employees Health-care | $73,983 | 0 | No | |
| Croswell All employees Pension | $4,914,624 | 52.1 | Yes | $2,148 |
| Croswell All employees Health-care | $982,395 | 0 | No | |
| Lexington All employees Pension | $1,032,715 | 61.3 | No | |
| Lexington All employees Health-care | $2,319,909 | 0 | Yes | $2,081 |
| Marlette All employees Pension | $544,098 | 72.5 | No | |
| Port Sanilac All employees Pension | $426,008 | 58.7 | No | |
| Sandusky All employees Pension | $1,995,110 | 55.5 | No | |
| Sandusky All employees Health-care | $62,676 | 70.7 | No | |
| Sanilac County All employees Pension | $9,553,062 | 86.4 | No | |
| Sanilac County All employees Health-care | $12,689,946 | 0 | No | |
| Manistique All employees Pension | $7,926,135 | 45.4 | Yes | $2,706 |
| Manistique All employees Health-care | $1,170,286 | 0.2 | No | |
| Schoolcraft County All employees Pension | $6,187,357 | 58.4 | No | |
| Bancroft All employees Pension | $64,407 | 30.2 | No | |
| Corunna All employees Pension | $2,311,162 | 60.3 | No | |
| Corunna All employees Health-care | $218,765 | 13.1 | No | |
| Durand All employees Pension | $2,208,383 | 63.9 | No | |
| Durand All employees Health-care | $3,755,162 | 0 | No | |
| Laingsburg All employees Pension | $59,893 | 89.2 | No | |
| Owosso All employees Pension | $1,716,545 | 64.5 | No | |
| Owosso All employees Pension | $5,524,793 | 85.2 | No | |
| Perry All employees Health-care | $777,238 | 0 | No | |
| St Joseph County All employees Pension | $2,582,949 | 94.3 | No | |
| Sturgis All employees Pension | $-441,000 | 101.3 | No | |
| Sturgis All employees Health-care | $3,903,774 | 64.5 | No | |
| Three Rivers All employees Pension | $5,806,217 | 67.7 | No | |
| White Pigeon All employees Pension | $27,296 | 89.5 | No | |
| Algonac All employees Pension | $1,504,519 | 75.3 | No | |
| Algonac All employees Health-care | $-188,477 | 162.8 | No | |
| Capac All employees Pension | $1,960,639 | 24.2 | No | |
| Capac All employees Health-care | $1,076,049 | 0 | No | |
| Clay Township All employees Pension | $3,670,764 | 61.5 | No | |
| Clay Township All employees Health-care | $6,015,930 | 27.4 | No | |
| East China Charter Township All employees Pension | $3,280,854 | 62.5 | No | |
| East China Charter Township All employees Health-care | $436,561 | 51.6 | No | |
| Fort Gratiot Charter Township All employees Health-care | $846,246 | 0 | No | |
| Marine City All employees Pension | $1,906,343 | 72.6 | No | |
| Marine City All employees Health-care | $14,236,212 | 1.2 | Yes | $3,471 |
| Marysville All employees Pension | $10,785,709 | 59 | Yes | $1,111 |
| Marysville All employees Health-care | $9,846,016 | 58.9 | No | |
| Marysville Police and fire Pension | $12,166,741 | 51.2 | Yes | $1,254 |
| Port Huron All employees Pension | $70,847,616 | 53.2 | Yes | $2,439 |
| Port Huron All employees Health-care | $37,110,000 | 28 | No | |
| Port Huron Charter Township All employees Pension | $1,155,241 | 69.6 | No | |
| Port Huron Charter Township All employees Health-care | $190,908 | 0 | No | |
| St Clair All employees Pension | $9,917,192 | 54.8 | Yes | $1,859 |
| St Clair All employees Pension | $9,917,192 | 57.5 | Yes | $1,859 |
| St Clair All employees Health-care | $3,642,565 | 0 | No | |
| St Clair All employees Health-care | $3,642,565 | 0 | No | |
| St Clair County All employees Pension | $18,679,139 | 92.8 | No | |
| St Clair County Other Postemployment Pension | $19,440,633 | 88.4 | No | |
| St Clair County Other Postemployment Health-care | $76,526,918 | 24.1 | No | |
| Caro All employees Pension | $-68,328 | 104.5 | No | |
| Indianfields Township All employees Pension | $-38,827 | 114.2 | No | |
| Millington All employees Pension | $17,458 | 98.8 | No | |
| Tuscola County All employees Pension | $287,848 | 99.2 | No | |
| Vassar All employees Pension | $2,862,444 | 60.5 | No | |
| Vassar All employees Health-care | $568,181 | 10.8 | No | |
| Antwerp Township All employees Health-care | $2,310,639 | 0 | No | |
| Bangor All employees Pension | $-351,574 | 121 | No | |
| Bangor All employees Health-care | $1,204,281 | 0 | No | |
| Covert Township All employees Pension | $474,943 | 71.5 | No | |
| Lawrence All employees Pension | $3,166 | 97.3 | No | |
| Paw Paw All employees Pension | $2,777,112 | 70.7 | No | |
| Van Buren County All employees Pension | $12,492,427 | 65.2 | No | |
| Van Buren County All employees Health-care | $5,101,712 | 0 | Yes | $68 |
| Ann Arbor All employees Pension | $68,112,000 | 87.8 | No | |
| Ann Arbor All employees Health-care | $121,000,000 | 56.6 | No | |
| Barton Hills All employees Pension | $258,944 | 71.7 | No | |
| Chelsea All employees Pension | $3,795,583 | 70.2 | No | |
| Chelsea All employees Health-care | $1,613,953 | 49.8 | No | |
| Dexter Township All employees Pension | $206,933 | 76.2 | No | |
| Lima Township All employees Pension | $-47,220 | 111.8 | No | |
| Manchester All employees Health-care | $79,002 | 64.3 | No | |
| Milan All employees Pension | $6,820,182 | 46.7 | Yes | $1,127 |
| Milan All employees Health-care | $3,549,323 | 0 | No | |
| Northfield Township All employees Pension | $212,726 | 88.9 | No | |
| Pittsfield Charter Township All employees Pension | $8,944,948 | 75.7 | No | |
| Pittsfield Charter Township All employees Health-care | $1,339,000 | 85.5 | No | |
| Saline All employees Pension | $10,057,188 | 62 | No | |
| Saline All employees Health-care | $7,734,911 | 30 | No | |
| Scio Township All employees Pension | $794,173 | 72.4 | No | |
| Scio Township All employees Health-care | $943,936 | 0 | No | |
| Superior Charter Township All employees Pension | $2,132,686 | 71.8 | No | |
| Washtenaw County All employees Pension | $24,656,146 | 78.5 | No | |
| Washtenaw County All employees Pension | $81,819,159 | 77.4 | No | |
| Washtenaw County All employees Health-care | $117,954,692 | 50 | No | |
| Ypsilanti All employees Pension | $-3,705,179 | 126.1 | No | |
| Ypsilanti All employees Health-care | $15,625,102 | 29.1 | No | |
| Ypsilanti Police and fire Pension | $19,384,949 | 57.9 | No | |
| Ypsilanti Charter Township All employees Pension | $6,661,534 | 68.9 | No | |
| Ypsilanti Charter Township All employees Health-care | $6,162,964 | 44.5 | No | |
| Ypsilanti Charter Township Fire Health-care | $6,894,128 | 41.7 | No | |
| Ypsilanti Charter Township Police and fire Pension | $5,435,630 | 83.4 | No | |
| Allen Park All employees Pension | $24,622,581 | 77.2 | No | |
| Allen Park All employees Health-care | $88,364,831 | 0.6 | Yes | $3,254 |
| Belleville All employees Pension | $3,802,868 | 54.3 | No | |
| Belleville All employees Health-care | $3,914,770 | 0 | No | |
| Brownstown Charter Township All employees Pension | $7,787,284 | 71.5 | No | |
| Brownstown Charter Township All employees Health-care | $19,871,719 | 12.8 | No | |
| Canton Charter Township All employees Pension | $45,443,759 | 62.6 | No | |
| Canton Charter Township All employees Health-care | $45,840,483 | 23.4 | No | |
| Dearborn All employees Pension | $-444,520 | 104.3 | No | |
| Dearborn All employees Health-care | $161,526,984 | 28.5 | Yes | $1,709 |
| Dearborn Chapter 21 Pension | $-14,773,859 | 238.9 | No | |
| Dearborn Chapter 22 Pension | $44,149,173 | 76.2 | No | |
| Dearborn Chapter 23 Pension | $88,834,151 | 75.8 | No | |
| Dearborn Retiree Life Insurance Health-care | $-1,232,638 | 0 | No | |
| Dearborn Heights All employees Pension | $13,279,295 | 74.8 | No | |
| Dearborn Heights All employees Health-care | $168,693,439 | 0 | Yes | $3,025 |
| Dearborn Heights Police and fire Pension | $25,105,633 | 87.4 | No | |
| Detroit All employees Health-care | $-709,084 | 121.5 | No | |
| Detroit General emp. I Pension | $12,907,090 | 73.7 | No | |
| Detroit General emp. II Pension | $992,880,646 | 66.1 | No | |
| Detroit Police and fire II Pension | $859,215,397 | 77.4 | No | |
| Detroit Police and fire II Pension | $7,525,407 | 84.9 | No | |
| Ecorse All employees Pension | $25,927,451 | 37.8 | Yes | $2,810 |
| Ecorse All employees Health-care | $22,623,093 | 0 | No | |
| Flat Rock All employees Pension | $13,425,363 | 46.2 | No | |
| Flat Rock All employees Health-care | $14,388,666 | 0 | No | |
| Garden City All employees Pension | $32,537,472 | 62.9 | No | |
| Garden City All employees Health-care | $132,273,081 | 0 | Yes | $4,963 |
| Garden City District court Pension | $1,042,031 | 62.2 | No | |
| Gibraltar All employees Pension | $-92,369 | 105.9 | No | |
| Gibraltar All employees Health-care | $8,059,032 | 4.8 | Yes | $1,793 |
| Gibraltar Public safety officers Pension | $-179,354 | 102.1 | No | |
| Grosse Ile Township All employees Pension | $13,774,444 | 58.1 | Yes | $1,356 |
| Grosse Ile Township All employees Health-care | $17,186,369 | 0 | No | |
| Grosse Pointe All employees Pension | $-6,001,321 | 118.6 | No | |
| Grosse Pointe All employees Health-care | $11,698,878 | 6.2 | No | |
| Grosse Pointe Farms All employees Pension | $1,626,988 | 93.6 | No | |
| Grosse Pointe Farms All employees Health-care | $11,038,552 | 15 | Yes | $1,205 |
| Grosse Pointe Farms Public safety Pension | $-3,896,950 | 110.9 | No | |
| Grosse Pointe Farms Public safety Health-care | $11,425,506 | 31.1 | Yes | $1,248 |
| Grosse Pointe Park All employees Pension | $21,042,011 | 53.3 | No | |
| Grosse Pointe Park All employees Health-care | $26,620,570 | 0.7 | No | |
| Grosse Pointe Shores City Of The Village All employees Pension | $6,819,563 | 75.3 | No | |
| Grosse Pointe Shores City Of The Village All employees Health-care | $8,113,762 | 21.4 | No | |
| Grosse Pointe Woods All employees Pension | $22,701,361 | 62.4 | No | |
| Grosse Pointe Woods All employees Health-care | $53,746,070 | 0.1 | Yes | $3,454 |
| Grosse Pointe Woods Supplemental annuity fund Pension | $1,579,906 | 50.5 | No | |
| Hamtramck All employees Pension | $55,221,927 | 42.6 | Yes | $2,539 |
| Hamtramck All employees Health-care | $33,241,386 | 0 | No | |
| Harper Woods All employees Pension | $27,599,971 | 44.9 | Yes | $2,008 |
| Harper Woods All employees Health-care | $45,615,204 | 0 | Yes | $3,319 |
| Highland Park All employees Pension | $5,942,619 | 2 | Yes | $545 |
| Highland Park All employees Health-care | $24,087,834 | 0 | No | |
| Highland Park Police and fire Pension | $4,052,265 | 6.8 | Yes | $372 |
| Highland Park Public safety Pension | $31,194,613 | 3.7 | Yes | $2,862 |
| Huron Charter Township All employees Pension | $7,463,504 | 65.8 | No | |
| Huron Charter Township All employees Health-care | $5,577,792 | 52 | No | |
| Inkster All employees Pension | $2,398,512 | 81.2 | No | |
| Inkster All employees Health-care | $8,119,400 | 0 | No | |
| Inkster Police and fire Pension | $8,144,309 | 76.2 | No | |
| Lincoln Park All employees Pension | $33,636,562 | 18.1 | Yes | $918 |
| Lincoln Park All employees Health-care | $53,192,760 | 0 | Yes | $1,451 |
| Lincoln Park Police and fire Pension | $58,666,135 | 26.9 | Yes | $1,600 |
| Lincoln Park Police and Fire Health-care | $57,736,481 | 0 | Yes | $1,575 |
| Livonia All employees Pension | $-11,620,502 | 105.3 | No | |
| Livonia All employees Health-care | $62,504,000 | 61.2 | No | |
| Melvindale All employees Pension | $24,914,191 | 39.3 | Yes | $2,409 |
| Melvindale All employees Health-care | $45,097,236 | 0 | Yes | $4,361 |
| Melvindale Police and fire I Pension | $-228,252 | 104 | No | |
| Melvindale Police and fire I Health-care | $-157,098 | 106.3 | No | |
| Northville All employees Pension | $8,423,946 | 57.7 | No | |
| Northville All employees Health-care | $10,617,263 | 43.3 | No | |
| Northville Charter Township All employees Pension | $14,310,065 | 68.2 | No | |
| Northville Charter Township All employees Health-care | $896,734 | 86.6 | No | |
| Plymouth All employees Pension | $7,683,513 | 52.5 | Yes | $841 |
| Plymouth All employees Health-care | $12,656,374 | 0 | No | |
| Plymouth Charter Township All employees Pension | $9,497,661 | 68.2 | No | |
| Plymouth Charter Township All employees Health-care | $16,383,116 | 0 | Yes | $605 |
| Redford Charter Township All employees Pension | $22,481,025 | 55.8 | Yes | $478 |
| Redford Charter Township All employees Health-care | $52,114,572 | 3.7 | Yes | $1,107 |
| Redford Charter Township Police and fire Pension | $48,192,462 | 56.8 | Yes | $1,024 |
| Redford Charter Township Police and fire Health-care | $83,925,548 | 4.7 | Yes | $1,783 |
| River Rouge All employees Pension | $2,523,849 | 87.6 | No | |
| River Rouge All employees Health-care | $62,108,641 | 0 | Yes | $8,301 |
| River Rouge Police and fire Pension | $9,765,117 | 77.4 | No | |
| Riverview All employees Pension | $6,126,643 | 83.1 | No | |
| Riverview All employees Health-care | $42,226,967 | 0 | Yes | $3,488 |
| Rockwood All employees Pension | $278,192 | 89.1 | No | |
| Rockwood All employees Health-care | $6,595,866 | 8.9 | Yes | $2,072 |
| Romulus All employees Pension | $30,907,302 | 39.2 | No | |
| Romulus All employees Health-care | $58,615,605 | 5.9 | Yes | $2,499 |
| Southgate All employees Pension | $10,445,238 | 64.2 | No | |
| Southgate All employees Health-care | $30,063,301 | 7.7 | Yes | $1,034 |
| Southgate Police and fire Pension | $29,262,682 | 59.6 | Yes | $1,006 |
| Southgate Police and fire Health-care | $50,023,306 | 2.7 | Yes | $1,720 |
| Sumpter Township All employees Pension | $2,470,964 | 71.1 | No | |
| Taylor All employees Pension | $44,353,651 | 46.6 | Yes | $724 |
| Taylor All employees Health-care | $333,124,138 | 0 | Yes | $5,436 |
| Taylor District court Pension | $1,047,830 | 72.7 | No | |
| Taylor Police and fire Pension | $103,837,254 | 54.1 | Yes | $1,695 |
| Trenton All employees Pension | $20,760,728 | 54.5 | Yes | $1,137 |
| Trenton All employees Health-care | $80,535,809 | 8.9 | Yes | $4,412 |
| Trenton Police and fire Pension | $17,621,436 | 74.8 | No | |
| Van Buren Charter Township All employees Pension | $4,755,063 | 73.3 | No | |
| Van Buren Charter Township All employees Health-care | $26,814,905 | 5.8 | Yes | $948 |
| Wayne All employees Pension | $47,954,243 | 57.1 | Yes | $2,830 |
| Wayne All employees Health-care | $85,547,284 | 2.6 | Yes | $5,048 |
| Wayne County All employees Pension | $647,909,032 | 55.2 | No | |
| Wayne County All employees Health-care | $284,305,000 | 5.9 | No | |
| Westland All employees Pension | $78,605,871 | 40.7 | Yes | $962 |
| Westland All employees Health-care | $279,605,383 | 0 | Yes | $3,420 |
| Westland Police and fire Pension | $67,545,897 | 70 | No | |
| Woodhaven All employees Pension | $5,877,455 | 78.9 | No | |
| Woodhaven All employees Health-care | $26,764,283 | 0 | Yes | $2,144 |
| Wyandotte All employees Pension | $29,175,187 | 69.1 | No | |
| Wyandotte All employees Health-care | $126,992,243 | 1.7 | Yes | $5,084 |
| Cadillac All employees Pension | $2,882,476 | 76.7 | No | |
| Cadillac All employees Health-care | $287,160 | 83.5 | No | |
| Cadillac Police and fire Pension | $2,727,296 | 79.8 | No | |
| Cadillac Police and fire Health-care | $1,190,590 | 60.7 | No | |
| Manton All employees Pension | $1,252,327 | 35.5 | No | |
| Wexford County All employees Pension | $9,639,139 | 67.3 | No | |
Iron Mountain, about 75 miles southwest of Marquette, makes do with 41 full-time employees, down from 55 a decade ago. Two-thirds of its roads are in poor condition. City Manager Jordan Stanchina said he’s put off water and sewer projects and delayed replacing worn-out backhoes and loaders.
“On street repair, we’d like to be doing double or triple what we are doing,” Stanchina said. “Right now, we’re just trying to keep our heads above water.”
Iron Mountain is among nearly 250 municipalities and public bodies across the state flagged late last year for carrying significant unfunded debt levels by the Treasury Department under a new state law.
A task force appointed by former Republican Gov. Rick Snyder found local governments in the state that provide retiree health care had $10.1 billion in unfunded liabilities, along with another $7.5 billion in unfunded pension debt.
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That prompted legislators to pass a law in 2017 that requires communities and public agencies to report pension and retiree health care debt to the Treasury Department and submit plans for corrective action if the debt is deep enough.
As Bridge Magazine has reported, Michigan’s legacy debt crisis stretches back decades, traceable in many cases to union pension and health care benefits cities couldn’t afford in the long run. Until recently, many cities also failed to set aside money for retiree health care benefits when employees were still working, forcing them to divert more money from the general fund to pay benefits when they retire.
Experts agree communities will largely have to dig their way out on their own. If they haven’t done it already, that means switching from pensions to 401(k)-style retirement benefits for new employees and negotiating retiree health care plans with more limited benefits. For example, the City of Portage, next to Kalamazoo, switched in the 1980s from a defined pension benefit to a less costly defined contribution plan. It also took similar steps to limit its costs for retiree health care.
To be sure, cities like Flint, Saginaw, Lansing and areas downriver of Detroit such as Ecorse and Lincoln Park remain Exhibit A for Michigan’s ongoing municipal debt morass.
Those larger dollar figures can overshadow the struggles of easily overlooked places like Iron Mountain and Iron River in the U.P. and Rogers City southeast of the Mackinac Bridge. The state’s heightened scrutiny on legacy debt has also laid bare a significant debt gap in public bodies like road commissions as well.
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“It’s a significant problem in some rural areas,” said Eric Scorsone, a Michigan State University associate professor, former deputy treasurer and chairman of the Treasury’s Municipal Stability Board that oversees legacy debt reporting.
“It’s easy to think the debt numbers are small compared to the (larger cities). But if you look at the debt on a per capita basis, they are pretty substantial.”
The average per capita municipal legacy debt in Michigan is about $1,000. In Iron Mountain and nearby Crystal Falls it’s over $5,000, totals approaching the more high-profile per capita debt of places like Lansing, at just over $6,000.
And cutting employees further may not be the answer: Michigan already has the lowest number of per-capita state and local government employees in the nation, according to a study by Governing Magazine.
In 2014, Michigan had 182,000 state and municipal employees, or 184 per 10,000 residents. That’s 20 percent less than the national average of 232 per 10,000.
Pinched from all sides
Property values – while now rising in much of the state – are either stagnant or falling in much of rural Michigan. At the same time, many rural areas continue to be drained of people as 14 of 15 U.P. counties lost population since 2010. That leaves fewer taxpayers to sustain legacy debt.
From 2014 to 2017, taxable property values in Iron Mountain grew by 2.1 percent, while the average rise for Michigan’s 1,500 townships and cities was ten-fold higher at 21 percent. Making matters worse, the town’s population has fallen 13 percent since 1990. So as legacy costs rise, they inevitably eat into services taxpayers expect from their communities.
“When you look at rural communities, if you don’t get new construction there are not ways to grow property tax revenues beyond the rate of inflation,” said Chris Hackbarth, director of state and federal affairs for the Michigan Municipal League.
“This is absolutely a problem.”
Municipal leaders have complained for years of being starved for cash, in part because state law limits how fast property values can grow under the Headlee Amendment, which restricts city revenue collections in better economic times. That left many communities unable to fully recover from the housing crash a decade ago.
On top of that, communities have absorbed state revenue sharing cuts calculated at more than $8 billion since 2002, according to the Michigan Municipal League.
Those pressures prompted the state to give closer scrutiny to communities most pinched by legacy debt.
Under the 2017 law, cities must send Treasury a corrective action plan when less than 60 percent of their pension is funded and their annual obligations exceed 10 percent of revenue; and when retiree health care funding falls under 40 percent and annual obligations exceed 12 percent of revenues.
Lawmakers stripped an earlier provision of the bill to send financial management teams into financially stressed communities with broad powers to drive down retirement debt. Opponents argued that was a rerun of emergency management powers that led to the Flint water crisis.
In Rogers City, poring over spreadsheets
On the shores of Lake Huron in the northeast Lower Peninsula, Rogers City Manager Joe Hefele spent weeks last year poring over spread sheets analyzing his city’s $5.8 million unfunded pension debt.
The outlook was bleak.
The city now owes about $300,000 a year in pension contributions. But Hefele said those obligations are projected to balloon to more than $1 million a year in a few years. That’s half the city’s $2 million general fund – and would consume all the city’s property tax revenue.
It doesn’t help that as these obligations rise, the city’s taxable property values fell by 2.2 percent from 2014 to 2017.
City officials now pin their hopes on a state law passed in December’s legislative lame duck session that allows communities with a single-A bond rating to issue bonds to pay down pension and health care obligations. Hefele calculates a bond issue could save the city $6 million over 22 years.
He said this city of about 2,700 people has made substantial cuts to staff, as it leaves positions empty as employees retire. Its public works department has shrunk since 1999 from nine full-time jobs to six; its police department from eight to six; its water department from two to one and its office staff from seven to five.
As in any city with retired public employees, Rogers City can’t renegotiate pension benefits already due retirees since those are protected under the state constitution.
Hefele called a bond issue “our only way out. Otherwise we could be looking at bankruptcy.”
Paying down but still going backwards
About 50 miles northwest of Bay City, the Gladwin County Road Commission maintains more than 1,000 miles of roads with a workforce of about 30 employees. In winter, motorists count on its fleet of two dozen trucks and snowplows to keep roads clear.
“The public expects safe roads and well-maintained roads,” said Road Commission Manager Dave Pettersch.
But Pettersch said that’s getting harder to do each year. It’s faced with more than $14 million in unfunded pension and retiree health care debt.
According to Treasury Department data, it had $16 million in pension liability 2017 and $8.3 million in assets – leaving it just 52 percent funded. It has $6.76 million in health care debt – with just over $84,000 in assets, leaving it virtually unfunded.
The road commission owes about $1 million a year in annual contributions to pensions and more than $400,000 a year for retiree health care. That’s about 17 percent of its 2017 budget of about $9 million.
“It has an impact, there’s no doubt.” Pettersch said. “Every year we try to pay it down but it’s an ongoing debt that only grows. You’re putting into the system and you’re still going backwards.”
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That puts a crimp on everything from construction to road maintenance to the purchase of new equipment.
In 2009, the commission closed its pension plan to new employees and cut off retiree health care benefits for new employees. Still, its pension contribution is expected to continue to rise, by one estimate approaching $1.5 million by 2040.
“Past generations have tied our hands in this generation,” Pettersch said. “People are outliving how long they were expected to live in the 1960s. The amount of money that was needed was not put away.”
Down to two cops
On the shores of Lake Superior at the base of the Keweenaw Peninsula, the Village of Baraga is staring at a sobering amount of pension debt for a community its size.
It had $3.7 million in pension liabilities in 2017 and just $1.5 million in assets, leaving it just 41 percent funded. According to the Treasury Department, its required annual pension contribution of about $157,000 accounted for one-fourth of government revenues in 2017.
Village Manager LeAnn LeClaire said the village of about 2,000 people closed its pension eight years ago to new employees, replacing it with a lower-cost plan, and replaced its retiree health plan with a lower-cost version eight years ago.
She said the village has cut staff from 25 full-time employees to 11. Its police department now has two officers – half what it used to be – while its public works department has four employees, down from 11.
LeClaire said it’s put off replacing aging culverts, as well as a new marina and hiking trail to the nearby Village of L’Anse. She’d like to put new playground equipment in its children’s park.
“We don’t have the money,” she said.
LeClaire is uncertain how long it might take the village dig out from under this debt.
“There definitely will be more cutbacks,” she said. “We’ve got a lot to think about.”
Back in Iron Mountain, Stanchina, the city manager, submitted corrective plans to the state in November, which were approved.
The city switched in 2018 from a traditional pension plan for new hires to a combination defined benefit plan and defined contribution plan that should lower the city’s liability over time. But it doesn’t expect to be 60 percent funded – the state standard – until 2033.
As of now, the city has about $34 million in retiree health liability and estimates it won’t become 40 percent funded, the state threshold, until 2049.
It is, Stanchina said, a long slog.
“We’re going to be at this for a while.”
Bridge staff reporter Mike Wilkinson contributed.
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