Live Breaking News & Updates on Financial Health Team

Stay updated with breaking news from Financial health team. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

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.  ....

United States , Greg Stump , Judy Kehler , City Council , Boomershine Consulting Group , Financial Health Team , Michigan Department Of Treasury , Chief Strategy Officer Judy Kehler , Michigan Department , Boomershine Consulting , Public Act , Humana Medicare Advantage , Great Recession , ஒன்றுபட்டது மாநிலங்களில் , கிரெக் ஸ்டம்ப் , ஜூடி கேலெர் , நகரம் சபை , பூமர்ஷைன் ஆலோசனை குழு , நிதி ஆரோக்கியம் அணி , மிச்சிகன் துறை ஆஃப் கருவூலம் , மிச்சிகன் துறை , பொது நாடகம் , நன்று மந்தநிலை ,