Issues & Ideas Forum - "How Pensions Are Bankrupting Cities and States and How to Fix It" (September 14, 2016)

State pension systems across Michigan are facing a crisis that threatens workers, retirees, businesses, taxpayers and residents who rely on public services. For decades, state legislators and governors, Republican and Democrat, have promised billions more in pensions than has been saved to pay for them. And despite now spending an extra $1 billion more than the state did just five years ago, policymakers still aren’t making the full payment required to pay the estimated costs of the largest pension system. This repeated underfunding has led to large liabilities that will require severe cuts to public services.

Retiree benefits are a national crisis, but some cities and states have made significant reforms that are saving money and preventing liabilities being pushed off onto future generations. This event will discuss the scope of the problem and what Michigan should be doing to solve it.

Lunch is free and is included with reservations.

WHEN: Wednesday, September 14, 2016
            11:30 a.m. - Check-in and lunch available
             Noon to 1:00 p.m. - Program with Q&A

WHERE: Radisson Lansing Hotel at the Capitol
               Michigan II & III
               111 North Grand Avenue
               Lansing, MI 48933

If you have any questions or need more information, please contact us at 989-698-1905 or events@mackinac.org.

Registration for this event is closed.

How to Contact the Mackinac Center

989-631-0900
E-mail: events@mackinac.org

Mackinac Center for Public Policy
140 West Main Street
P.O. Box 568
Midland, Michigan 48640