Michigan Foundation Allowance

This segment of the financial statement shows the assets held in both the Pen...

This page shows the composition of the portfolio and notes actual returns ove...

Here is where the bad news hides, in the footnotes. Note that the fund "smoot...

This page show the assumptions required to value the unfunded liability. Actu...

This page shows the major components that have driven MPSERS returns. Most of...

This page show the assumptions required to value the unfunded liability and t...

2011 MEA LM2 report. This is a copy of the annual salary and compensation rep...

This chart shows the top ten earners in the MEA. Notice that they continue t...

This is a comparative look at MEA salaries for 2010 & 2011 and how they grow....

This is a comparative look at MEA salaries for 2006 & 2007 and how they grow....

This is a comparative look at MEA salaries for 2007 & 2008 and how they grow....

This is a comparative look at MEA salaries for 2008 & 2009 and how they grow....

This is a comparative look at MEA salaries for 2009 & 20010 and how they grow...

This chart shows the top ten earners in the MEA. Notice that they do very, v...

MEA Economist Ruth Beier Testimony on HB 5963. Ms. Beier attempts to make a ...

The two letters which present mutually exclusive statements as to what has ac...

This page discloses the true investment return on the Michigan Public School ...

The page which discloses the unfunded liability of the Michigan Public School...

The total asset loss of $17.9 billion over 3 years is a stunningly large loss...

The reason the unfunded liability is going to get worse. Underfunding the req...

Why the assumptions are bad, and likely understate the size of the problem wi...

The size of the unfunded liability showing actual 2009 asset base.

This is a marked up copy of the MPSERS 2009 audit. The MPSERS CAFR for 2009 i...