2017 Financial State of Michigan (Released 9/25/2018)
Prior Years' TIA Data
Publishing Entity: State Budget Office
Hefele, the city manager, said he has frozen full-time hiring to avoid adding anyone to the underfunded pension system, and studied modifying or closing the city’s pension plan. Yet the city’s roughly $350,000 pension contribution this year is expected to more than double within 10 years, and top $1 million within 20 years.