Commissioner outlines bond plan arguing it could boost Livingston County pension assets
Commissioner Nakagiri presented analysis showing a potential $3.1 million to $16.1 million pension-asset gain over 10 years if the county issues a bond to prefund MERS liabilities; commissioners asked for more written detail before any decision.
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Commissioner Nakagiri presented a slide-backed analysis urging the county to consider issuing a bond to prefund pension liabilities, saying the move would increase pension assets under most market scenarios. "In MERS expected market return, we would end up at the end of 10 years with $5,300,000 more in assets if we issued the bond," Nakagiri said during his presentation.
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