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The financially stressed city of Flint may soon be facing the prospect of being the second major city in Michigan to file for Chapter 9 municipal bankruptcy protection. A retiree lawsuit recently filed to stop the city from enacting proposed health care benefit cuts may push the city into insolvency.

In 2011, Flint was placed by the state under emergency management control when they had approximately $150 million in long-term debt and $900 million in unfunded liability for retiree health care costs.

The burden impacting local communities for unfunded retiree benefits related to pensions and health care known as "other post-employment benefits" (OPEB) continue to grow to a level that has overwhelmed local municipal budgets.

Challenging times call for practical solutions. Our firm's public sector division is a well-recognized group of professionals with vast experience in servicing the unique requirements of its governmental clients.