The district has to spend the money to cover the costs of the state retirement benefits plan, which has an estimated unfunded liability of $24.3 billion."
Wednesday, January 29, 2014
Pension Costs Mean Tighter Budgets For Classrooms, Taxpayers
Pension Costs Mean Tighter Budgets For Classrooms, Taxpayers [Michigan Capitol Confidential]:
"Livonia Public Schools Superintendent Randy Liepa says his district will pay just under $30 million for its employee retirement pension and health care costs this year.
The district has to spend the money to cover the costs of the state retirement benefits plan, which has an estimated unfunded liability of $24.3 billion."
The district has to spend the money to cover the costs of the state retirement benefits plan, which has an estimated unfunded liability of $24.3 billion."
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