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Kalamazoo County Board addresses legacy issues with retiree benefits

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Finance Director Tracie Moored walked the board through the Administration's proposal yesterday afternoon.  Some had objections and suggestions for modifications.
Finance Director Tracie Moored walked the board through the Administration's proposal yesterday afternoon. Some had objections and suggestions for modifications.

KALAMAZOO (WKZO) -- While news of the Detroit Bankruptcy ruling was still reverberating across the state and nation, Kalamazoo County Commissioners were meeting yesterday to review administration plans to make their pension and retiree health plans solvent.

The County Pension is overfunded and doesn’t pose a problem, but the healthcare program for the county’s retirees has 63-million in unfunded liabilities, a legacy cost they are trying to fix.

 

County Board Chair David Maturen says they are just starting the process.

He says this is what Detroit should have done years ago to avoid the problems its facing now. .

The county plan included one proposal to require retirees to increase their premium to 20%, which a few commissioners found to be unacceptable, and that retirees would likely challenge.

 

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