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Cost Of School Pension Underfunding In 2021: 42% Of Teacher Payroll Expense

Politicians overpromised, managers filled gap with rosy scenarios, taxpayers on the hook
By
May 11, 2021
The growth of Michigan’s school employee pension fund has fallen short of projections made by its managers almost a decade ago. The price is now being paid by school districts that must spend millions more than anticipated in an attempt to shore up unfunded
pension promises.
That’s according to a new analysis from the Mackinac Center for Public Policy, which says that the state’s Office of Retirement Services forecast in 2012 that school districts would have to contribute about 31% of their payroll costs to fund retirement ....

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State Agencies And Local Governments Get Creative Dodging Open Records Requests

State Agencies And Local Governments Get Creative Dodging Open Records Requests
michigancapitolconfidential.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from michigancapitolconfidential.com Daily Mail and Mail on Sunday newspapers.

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Two transparency groups seek salary, pension information of Michigan workers

Lansing State Journal
LANSING Some Michigan public school retirees say they are unsettled by a nonprofit s recent public records requests for their pension information.
I still have no idea what they re doing with that information, said Thelma Sain, a retired Michigan public school teacher who lives in Georgia. It s more information than I would give.
Sain and other Michigan public school retirees who are part of the state pension system were notified this week their names and pension information were released through the Freedom of Information Act request, Department of Technology, Management and Budget spokesperson Caleb Buhs said in an email. ....

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Two transparency groups seek salary, pension information of Michigan workers

Two transparency groups seek salary, pension information of Michigan workers
hollandsentinel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hollandsentinel.com Daily Mail and Mail on Sunday newspapers.

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Very Big Raises For Some Rochester Schools Managers During Year of the Coronavirus

February 23, 2021
Top officials at Rochester Community Schools in Oakland County enjoyed significant pay increases in 2020, a year when private businesses were closed by government order during the coronavirus pandemic.
Robert Shaner, superintendent of the school district, saw his gross pay increase from $233,771 in 2019 to $261,263, a $27,492 increase or 12%.
Debra Fragomeni, an assistant superintendent, received a 9% gross pay increase, from $159,933 in 2019 to $173,550 in 2020.
Elizabeth Davis, the chief human resources officer, had her gross pay increase 7% to $169,818 in 2020.
Carrie Lawler, an assistant superintendent, received a gross pay increase of 10%, taking her pay to $163,363 in 2020.
Lori Grein, executive director of strategic communications, said the pay increases came prior to coronavirus pandemic in 2019. ....

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