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Grand Traverse Co. Commissioners Discuss Millions in Unfunded Pension Liabilities

Promo Image: Grand Traverse Co. Commissioners Discuss Millions in Unfunded Pension Liabilities

Commissioners are holding another study session to discuss the $60 million in unfunded pension liabilities for Grand Traverse County.

At last month’s session, pension board members were asked to give more information on the different options to make up the gap, including bonding, millages and selling assets.

Three of the seven pension board members then resigned.

We’re told public comment could get heated.

Stay with Northern Michigan’s News Leader for a full recap of the meeting.