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Yousef Rabhi and Andy LaBarre, Ann Arbor, 2013

What Price Pensions?

Meeting the county's obligations

posted 11/29/2013

Six years ago, the funds that pay for employee pensions and retiree health care for Washtenaw County employees were nearly balanced: they held $215 million in assets against what staff estimated to be $225 million in liabilities. The funds' assets have since edged up, to $261 million--but its estimated liabilities have more than doubled, to $533 million. The

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