State Employee Public Pension Liability Jumps $900 Million in One Year

State Employee Public Pension Liability Jumps $900 Million in One Year [Michigan Capitol Confidential]
"In one year, the state of Michigan’s unfunded liability for the state employees’ pension plan increased by $900 million due to the poor performance of investments in 2008.
The unfunded liability increased from $3.1 billion in 2009 to $4.0 billion in 2010 for the Michigan State Employees’ Retirement System"