Detroit may sue some of the consultants who worked on its bankruptcy over a $490 million pension funding shortfall that will result in bigger-than-expected city payments. The mayor blamed the projected deficit on outdated mortality tables used by the consultants that assume retirees will not live as long. Sound familiar, WirePoints regulars?

One Illinois public university had its credit ratings lowered to junk, and two others had their debt downgraded by Moody’s Investors Service because the state’s record budget impasse has wrecked havoc on college finances.

Nearly a quarter of newly hired teachers will never vest in the state’s Teacher Retirement System, a new analysis says. What’s more, three quarters won’t even make back what they pay into the system. (That’s for new, Tier 2 teachers only.)

Standard trouble-making grandstanding.

One of the budget options Gov. Bruce Rauner presented to lawmakers last week could clear the way for the state to once again short or skip contributions to its beleaguered pension funds. Comment: Wake up, media. We already are shorting contributions. The state makes the contributions required by statute which are far short of what is required to prevent unfunded liabilities from worsening.