The Michigan Department of Treasury is pleased to announce the initial webinar to review the Protecting MI Pension: Michigan Local Pension Grant Program. This initial webinar will focus on the processes that local governments will use to complete and submit an application, along with the process for review and award distribution. Subsequent webinars will focus on technical aspects related to the Protecting MI Pension Grant program, as well as frequently asked questions.
Eligible Local Units: For a preliminary list of qualified local retirement systems reflects those qualified local governments that had one or more qualified retirement systems identified with a funded ratio below 60% as of their most recent Retirement System Annual Report (Form 5572) as of December 31, 2021, click here.
Intended Audience: Any administrative official representing or assisting a city, village, township, county, or road commission that offer a defined benefit retirement pension system, including clerks, treasurers, elected officials, finance directors, city, township, or village managers, actuarial professionals, auditors and accounting staff, among others
Topics to include: Bureau of Local Government and School Services – Trusted Partner Model, Overview of Protecting MI Pension Grant Program, Eligibility Requirements, Grant Application Process, Program Award Distribution Process, Key Dates and Timeline, and Next Steps.
|Additional information related to FAQs, program guidelines, and application materials will be available at www.Michigan.gov/MIPensionGrant no later than April 15, 2023. Please be sure to sign up for Treasury – Local Government email alerts to be notified of additional updates to this grant program and other local government notifications.|
Questions regarding the Protecting MI Pension Grant can be directed to Treasury by e-mail at [email protected]
John LaMacchia is the League’s director of state & federal affairs. He can be reached at [email protected] or 517-908-0303.