Tool Shows How Much Money is Locked Out of Michigan Classrooms Because of $40 Billion Pension Debt Service

A new tool reveals thousands of dollars per student each year is paying longstanding debt service rather than helping Michigan students prepare for a successful future.

Leonard Gilroy, vice president of the libertarian Reason Foundation and senior managing director of the Pension Integrity Project, told The Center Square that changing markets, underfunding below actuary recommendations, and the Great Recession has made it harder to hit investment targets for pension funds in the last few decades.

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