text: School Pension Iceberg: Beware What's Under Budget Surface – Michigan Capitol Confidential
  ForTheRecord Says: That budget line-item is only part of the story. The $1.1 billion does not include additional contributions that come out of school district budgets. In the 2015-16 fiscal year, districts, community colleges, state universities and individual employees will have contributed a total of $3.97 billion. Most of the annual contributions go toward catching up on the system's $26.7 billion unfunded liability, accumulated from failing to adequately fund the system over many years.