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Michigan Cities Have $12.7B In Retiree Health Costs
CBS Detroit Link to more items from this source
Mar. 18, 2013

"Michigan cities and townships that provide health care for retired public workers face nearly $13 billion in unfunded costs ... with half setting aside no money to cope with a bill gobbling up more of their budgets.... [Detroit] is not alone in grappling with how to pay promised health benefits to retirees. More than 300 cities, townships and villages -- home to two-thirds of state residents -- face a combined $12.7 billion in unfunded liabilities in the next 30 years."

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