Michigan says more than one-fifth of local governments have an underfunded pension plan, retirement health care plan or both.


Governor Rick Snyder is personally lobbying lawmakers to adopt an overhaul of how local government pensions are managed. As we hear from Michigan Public Radio’s Rick Pluta, he faces a tough sales job.

Capitol dome with statue in foreground
w.r. richards / WKAR-MSU

Republican-led legislative committees quickly approved bills Tuesday that would force local governments to boost their funding of employee retirement plans over time, an effort supporters say is necessary to prevent financial chaos down the road.

capitol photo
WKAR File Photo

Local governments and police and firefighter unions are keeping a close eye on hearings to begin this week at the state Capitol.  GOP leaders are proposing more aggressive state oversight of local retirement funds.

Michigan Capitol
File Photo / WKAR

Michigan municipalities would have to report financial information about their employee retirement systems to the state under new legislation that supporters say is designed to help communities address substantially underfunded pension and health care plans.