michigan retirement system

U.S. Treasury

Michigan says more than one-fifth of local governments have an underfunded pension plan, retirement health care plan or both.

The Treasury Department on Monday issued the results of an initial round of reporting required under the Protecting Local Government Retirement and Benefits Act.

steve carmody / Michigan Radio

Michigan’s retirement system has sold off the last of its holdings related to the gun industry.

The State of Michigan Retirement systems (SMRS) recently sold off two million dollars’ worth of stock in a Mississippi chemical company. The Olin Corporation also owns gun manufacturer Winchester.