Michigan Treasury Rejects Two-Thirds of Local Government Requests to Circumvent New Pension, OPEB Reporting Standards

After passage last year, the necessity of Michigan’s local retirement system transparency law has been repeatedly validated.
Last month, the Michigan Department of Treasury denied 69 percent of 103 waiver applications from local governments with severely underfunded pension or other post-employment benefits (OPEB) plans. The waiver would have allowed the local governments to avoid

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