Reforming MPSERS: The impact of issuing pension obligation bonds and extending debt payments

Governor Gretchen Whitmer and leaders of the GOP-led Michigan House and Senate have recently considered proposals to postpone making required principal and interest payments on the unfunded accrued actuarial liability (UAAL) of the Michigan Public School Employee Retirement System (MPSERS). For all variations of this idea, the immediate results of such actions would be the […]