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Mount Clemens reports pension at 96% funding, highlights diversified investments and grant pursuits
Summary
City staff told commissioners the municipal pension system is about 96% funded and described a diversified investment strategy that helped finance local street reconstruction; staff also summarized grant activity and said the city shares a contract grant writer with the DDA.
City staff briefed the commission on fiscal sustainability measures, reporting the Mount Clemens pension system was about "96% funded" and positioning the city among the better-funded municipal systems in Michigan.
"So the pension system right now is 96% funded," staff told the commission and noted that in 2024 Mount Clemens ranked in the top tier of pension funding among reporting…
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