By Amanda Albright, includes “… Under a new state law, cities, towns and authorities were required this year to submit financial details on the status of their pension and health care plans. The results, so far, are grim: the Michigan Treasury Department found that over 110 -- or more than one fifth -- have underfunded pension or retiree health-care plans. A pension was deemed underfunded if it had less than 60 percent of what’s needed …”