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Actuary updates Lansing s retiree health care shortfall estimate

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. 

DBusiness Daily Update: Michigan Launches College Savings Mobile App, Liberty Bank Chooses Detroit s Autobooks to Support Small Businesses, and More

DBusiness Daily Update: Michigan Launches College Savings Mobile App, Liberty Bank Chooses Detroit s Autobooks to Support Small Businesses, and More
dbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dbusiness.com Daily Mail and Mail on Sunday newspapers.

A new way to save for college comes to Michigan

A new way to save for college comes to Michigan
wzzm13.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wzzm13.com Daily Mail and Mail on Sunday newspapers.

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