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Michigan police union concerned about pension monitoring maneuver

NOVEMBER 28, 2018 | by Beth LeBlanc | THE DETROIT NEWS

“… The bill would require local government retirement plans to change the way they report to the state, using a set payoff or amortization period and uniform assumptions regarding expected salary increases, rate of return on investments, life spans and health care costs to gauge their funded status. Those assumptions can drastically change the way a retirement system appears to be funded.”

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