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A commission set up a year ago to check on the financial health of public pension systems throughout the state found that about 50 may be behind in contributions, Gov. John Engler said Tuesday.
The commission recommended a series of new laws to make the pensions more accountable, including having each post an annual financial report card on the Internet.
“We believe this report card will shine enough light on the system that employees and retirees and the public” can see if the fund is being handled correctly, said Peter Secchia, chairman of the Michigan Commission on Public Pension and Retiree Health Benefits.
The commission didn’t see a need for more oversight of public pensions statewide because it said most don’t have problems.
