Same as most other democrat dominated counties and cities-----Contaminated Water Dominates Flint Headlines, But Pension Earthquake Looms

Contaminated Water Dominates Flint Headlines, But Pension Earthquake Looms [Michigan Capitol Confidential]:
"Contaminated drinking water has dominated daily headlines in Flint, but a looming crisis of a different kind casts a pall over the city’s financial future: A $285 million unfunded pension liability is consuming ever more of the city’s budget.
In 2015, Flint paid $20.4 million to cover retirement system costs.
To put the burden of pension obligations into perspective, that amount is 42 percent of the city's general fund budget.
...As of December 2014, Flint has funded 48 cents of every dollar in pension benefits it has promised to its employees in the MERS defined-benefit plan.
As of last June, its unfunded pension liabilities totaled $285 million.
Many Michigan municipalities have dug even deeper holes.
For example, the city of Benton Harbor has funded just 43 cents for every dollar in pension benefits it has promised its employees in the MERS plan..."