Lansing s estimates of its total unfunded liability have fluctuated by hundreds of millions dollars over recent years. Factors including the health of the stock market and estimated employee life spans can affect the projections.
A report submitted by Lansing to the Michigan Department of Treasury in December for the fiscal year ending June 30, 2020 pegged the city s total unfunded liability at $906.9 million, including $563.5 million in health care costs and $343.4 million in pension costs. The prior year, Lansing estimated its total unfunded liability at more than $736.6 million, including $431.3 million in retiree health care liability and $305.3 million in pension liability, according to the city.
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