Pension

Is it truly about fairness?

Our unfunded liability for Michigan’s defined benefit pension system, which again it is important to note was closed to new hires in 1997, went from zero to over $6.5 billion as of today. How did that happen?

Renk: I do have some advice for us Michiganders...

Now that Democrat Congressmen form Detroit John Conyers has resigned we now find out how much he will be extracting from the taxpaying public in the form of a pension. You are not going to believe how much he will get in his pension, keep in mind that as a Congressman he was making $174,000 a year...

Same old story in government, someone else makes promises they appear to not be able to keep and we have to pay for their promises. A task force formed by Governor Snyder released a report the other day concerning local government’s retiree cost...

Well it is that time of the year, local election time.  There are many schools districts in Michigan that have school tax increases, via a millage, up for vote on May 2. Why might your property tax increase, because one of the ways in which we fund our schools is through our property taxes we pay on property we own...

Back in 2011 Michigan passed a law which taxed pensions in Michigan. First a little information on pensions and taxation in Michigan.  Before the law was passed in 2011, public pensions in Michigan were untaxed and private pension income up to $90,240 was also exempt from Michigan’s state income tax...

Many of us know that former Presidents receive pensions from the taxpayers but did you know that receive a lot more taxpayer funds for other expenses also. According to the nonpartisan Congressional Research Service we fund former President’s staffs, office space, office supplies and more...

“Unsustainable deficits” is what the Government Accountability Office (GAO) report is calling the U.S. Postal Service financial problems. The Washington Free Beacon is reporting that the U.S. Postal Service racked up a net loss of $5...

Pension "spiking": is it enough?  Should they have to pay us taxpayers back?