Michigan's 401(k) plan saved state more than $4 billion

Michigan's 401(k) plan saved state more than $4 billion Lansing State Journal lansingstatejournal.com
"A 14-year-old reform that ended defined pension benefits for new state employees has saved the state up to $4.3 billion in unfunded state employee pension liability, according to a new report by the Mackinac Center for Public Policy."