Grand Traverse County Pension Debt Problems
This video on the pension debt problem was posted to Facebook.
You may have heard about the “pension problem” and “MERS” that have consumed several County Commission meetings. The problem is that for more than 25 years, the Republicans on the Commission have effectively borrowed money from the pension by under funding it. The County now needs to play catch-up, and this will be a drag on the budget for about the next 15 years.
The discussion about moving away from MERS is a smokescreen to try to blame the pension fund problem for the Republican’s poor money management. If you want to blame someone, blame Rep. Inman and State Senator Schmidt. They could have fixed this a long time a go and didn’t.
I’m Bruce Moore. Please vote for me for County Commission District 6 on November 3rd.