Norton Shores Retiree Pension Underfunding

Monday, May 30, 2016

100% is the only standard!


http://actuary.org/files/80%25_Funding_IB_FINAL071912.pdf  (link to full report)



Posted by Jim Riley at 5:56 PM No comments:
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What is the problem?

Norton Shores is not funding its employee pension liabilities.
Those costs will be added to the debt of future generations.
We want this to stop!
Now!

Supporting links

Norton Shores home website
http://www.nortonshores.org/

NS Financial audit
http://www.nortonshores.org/index.asp?Type=B_BASIC&SEC={B9072D7B-1C69-45CF-9937-9312580FF750}

NS City council
http://www.nortonshores.org/index.asp?Type=B_DIR&SEC={CB8FE64F-70B4-47F2-AA85-F84F674FB7EF}

NS City council meetings
http://www.nortonshores.org/vertical/sites/%7BFF3C7447-59C5-49A5-8AC0-3258B1B50FAA%7D/uploads/2016_Meeting_Schedule.pdf

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      • 100% is the only standard!
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