At first blush, the governor’s “four-part” reform plan on state government really seems to boil down to trimming employee costs.
And, if I’m reading it right, paying more later.
If you get people to retire earlier than they planned and increase their retirement formula, it seems to me that they will be in retirement longer and at higher rates -- all of which should cost more money in the long term, right?
I’m not an actuary, so if someone can explain such is not the case, please do.
As for the rest of her reform plan, it sure seems like she pulled a lot of disparate ideas off the shelf and threw them in the pot. I’m all for no-reason absentee ballots and tighter ethics rules for lawmakers, but what does that have to do with the fact that Michigan has about $7 billion to spend for the coming year and oh, about $9 billion in commitments?
Michigan needs spending reform and tax reform. This proposal, again at first review, seems decidedly incomplete.
