Invitation to Public Oversight Hearing of the Joint Committee on Public Service on Pension Liability

Senator Brownsberger and Representative Aaron Michlewitz, Chairs of the Joint Committee on Public Service, issued the following invitation to a public oversight hearing of the Joint Committee on Public Service. TO:                  Community and Organizational Representatives listed in Attachment FROM:            Representative Aaron Michlewitz and Senator William N. Brownsberger, Chairs of the Joint Committee on Public Service […]

Pension Issues Inventory

Section links are to a proposal for simplification of the pension system (which has been filed as House 2930). House 35 is the Governor’s pension reform proposal. Investment Risk — the possibility that earnings on invested funds will be insufficient to cover costs of future benefits.  Many analysts believe that the earnings available to dollar […]