Thursday, October 11, 2012

Exorbitant Michigan Pensions Hurt Children, Teachers

Exorbitant Michigan Pensions Hurt Children, Teachers
First, the taxpayer side of the equation. Using 2011 Census Bureau figures for population and average household, and state figures for unfunded liabilities, the gap between what Michigan has saved and what it will owe just for current employees’ retirement benefits is approximately $11,000 per household.

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