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Closing a Governmental Pension Plan Increases Costs for Taxpayers
National Public Pension Coalition [NPPC] 
May 9, 2017 "In 1997, Michigan closed the Michigan State Employees' Retirement System (MSERS), the pension plan for state employees.... [E]mployer contributions to MSERS have risen sharply, from $145 million to $750 million, in the years since the plan was closed to new hires in 1997. This has occurred even as the payroll base has declined by more than $1 billion." MORE >> |
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