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Michigan Catching Up On State Employee Pension and Retiree Health Benefit Debt
Mackinac Center for Public Policy Aug. 2, 2018
"[U]nfunded [pension] liabilities fell by $100 million in 2017 ... because the state outperformed its assumptions, but also because the state changed its assumptions.... [T]he state decided to set money aside to pay for current retiree health benefits costs. Lawmakers have saved $2 billion to pay for these benefits and would need another $7.5 billion to catch up on the rest, if lawmakers choose to prefund the costs instead of reducing the benefits."
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