Snyder creates task force to address pension reform
February 7, 2017 - Gov. Rick Snyder on Monday announced the formation of the Task Force on Responsible Retirement Reform for Local Government to address unfunded long-term liabilities for retirees and municipalities. Read More.
Snyder forms task force to handle unfunded liabilities
February 6, 2017 - Michigan Gov. Rick Snyder is setting his sights on unfunded pension and retiree health care liabilities that experts warn could cripple local governments, creating a task force to develop a "responsible retirement reform" agenda by spring. Read More.
Retiree health care, pensions focus of new Gov. Snyder task force
February 6, 2017 - Two months after lame-duck efforts to address public retiree health care costs at the local level folded, Gov. Rick Snyder has formed a task force to study the issue. Read More.
Michigan leads effort to shift workers away from pensions
February 6, 2017 - Struggling under the weight of pension and health care obligations, Michigan lawmakers appear ready to take another whack at public employee benefits — a move that reflects renewed determination to shift workers to 401(k)-style retirement systems, even if it happens in baby steps. Read More.
Local Government Employee Retiree Benefits Get Task Force
February 6, 2017 - Governor Rick Snyder on Monday named a 20-person task force, including four legislators, to head up "responsible retirement reform" and address problems with pension and health care costs facing local governments statewide. Read More.
MERS' strong 2016 investment return strengthens
long-term municipal pension plans statewide
January 26, 2017 - Investment returns reached 11.10 percent for the majority of Michigan's
local government retirement plans in 2016, thanks to the... Read More.
Lame duck update: What's moving through the legislature and what's not
December 12, 2016 - It's time to see which bills are dead, which are "extremely sleepy" and which are alive in these final days of lame duck. Read More.
Public retirement cuts would hit hard in Lansing
December 5, 2016 - ...lines, from making Michigan a right-to-work state to taxing pension income to asking state employees to pay more to maintain full pension benefits. Read More.
Senator David Knezek testifies on Pension Reform (video)
November 30, 2016 - "The question that we're not asking ourselves is, 'What type of a retirement, what type of livelihood do we want to provide for Michigan workers?' We may be able to get our unfunded liabilities down to zero if we ask our retirees to live in poverty; if we ask our retirees to work until they're dead. That's not something that I want on my conscience." I am, and will remain, opposed to any effort to eliminate pensions for Michigan school employees. Read More.
Michigan municipal retirees could see decreased health benefits under new bills
December 1, 2016 - Rumors of health care changes for municipal retirees swirled into the realm of legislation on Wednesday with the introduction of a dozen house bills on the subject. Read More.
Michigan Senate panel votes to close school pensions to new members
November 30, 2016 - The Republican-controlled Senate Appropriations Committee voted 9-8 Wednesday to close the school retirement system to new members, despite expert testimony from the administration of Gov. Rick Snyder and others that the move will cost billions. Read more.
Snyder officials: Teacher pension plan to cost billions
November 30, 2016 - The Senate has put off a vote on a controversial bill that would switch new teachers to a 401(k)-style retirement plan that is estimated to cost billions to Michigan tax payers. Read more.
Ciaramitaro: Closing the pension system would be a disaster
November 21, 2016 – We keep hearing that traditional pensions are "unsustainable" and in crisis. While it is true that many public pensions around the nation are still recovering from the Great Recession, the fact is that most are seeing their bottom lines improve and many are doing quite well. Read More.
Poleski Hoping For Municipal Retirement Reforms Next Month
November 21, 2016 – However, he said MML is interested in having a conversation about municipal finance and would like to have a seat at the table. When asked if a proper conversation could happen during lame duck, he said: "That is a very short window of time." Read More.
Are Local Government Retirement Reforms On The Horizon?
November 1, 2016 – …because it's a "complicated, complex issue," Mausolf said, "time and care should be taken to ensure that there isn't any unintended consequences for our public workers."Read more.
Talk Rife Of Senate Moving New School Employees To 401k
October 28, 2016 – The hybrid portion is 100 percent funded," Ms. Vanden Bosch said. "Nothing you do to new employees can reduce that legacy liability. Read more.
Leelanau County budget approved
October 19, 2016 – Leelanau officials happy with proposed budget... Read more.
County board approves 2017 spending plan
October 20, 2016 – In addition, retiree health care obligations are "trending positive with lower budgeted costs," Read more.
MERS submits op-ed to Crain's
October 20, 2016 – MERS CEO, Chris DeRose submits and op-ed to Crain's on the municipal retirement landscape in Michigan. Read more.
MERS submits op-ed to the Lansing State Journal
October 13, 2016 – MERS CEO, Chris DeRose submits an Op-Ed to the Lansing State Journal to add additional context to articles written on unfunded pension liabilities. Read more.
Study Finds Pension, OPEB Costs Manageable for Most Governments
October 5, 2016 – A recent study from the Center for Retirement Research at Boston College indicates liabilities for most governments are manageable. Read more.
MERS submits letter to Traverse City Record Eagle editor
October 3, 2016 – MERS CEO, Chris DeRose submits a letter to the Traverse City Record Eagle responding to an editorial: "Unfunded pensions could cripple the state." Read more.
Petoskey News: Pension positions: Where area governments stand with retirement liabilities
August 3, 2016 – MERS, in our opinion, do a good job of keeping track of where you are and making recommendations," said Tom Cannon, city administrator in East Jordan. Read more.
Saginaw shifting $72 million city-managed police pension fund to MERS
May 12, 2016 – "They have demonstrated a better return on investments and lower management fees," Jordan said. "In addition to that, the administrative costs that we are doing in-house, we'd be outsourcing that. So there would be an internal saving with that." Read more.