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Michigan Weakens the Retirement Security of Public School Employees
National Public Pension Coalition [NPPC] 
[Opinion] July 17, 2017 "How have Michigan state employees fared under the defined contribution-only plan? Very poorly. Earlier this year, the Michigan Office of Retirement Services reported that the median account balance for state employees is only $37,000. For workers who are age 60 or above and have worked for the state for at least 15 years, it is actually worse: only $36,000. This is hardly enough to retire with dignity as it would barely cover a year's worth of expenses in retirement." MORE >> |
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