If he truly worked “decades” that is a fairly meager pension for a civil servant.
Of course the devil may be in the details.
Considering he can’t live on what he gets now, any cut would be superfluous.
Maybe a reverse mortgage would help... I mean with Detroit property values being what they are.
Perhaps Donald should have planned better for his old age. Maybe even saved some of his income over the years. It’s not like getting old is an unexpected event.
I think I would start raiding the bank accounts and personal properties of the city council members and union leadership who approved impossible deals.
Your mistake is thinking that the Democrats who promised you the pension to buy your vote back then care about whether you live now.
he retired at 50!!! i think i see the problem right there...I don’t understand how you get a public employee pension AND social security. I thought that if you got a public employee pension you didn’t even pay into social security.
that is the way it is in California and the unions in Michigan are at least as strong as they are in California
Fixed it...
Guy has been retired for 9 years which means he retired at age 60...
G.A.S. meter is busted...
His pension based on those numbers now is slightly over 10K. He was on a defined benefit plan and worked decades meaning more than 20 years. To me that seems like a small number and if accurate, cutting that pension a third is not realistic. Perhaps pensions at that meager amount should be excluded from the decrease. Incidently, the average pension of general employees in Detroit is about 18.5K per year.
If there is not money to pay these meager pension costs, somebody der been skimming da pot for der own benefit I think. Perhaps the politicians who made this mess up should be sued for their entire pensions citing they violated their fiduciary responsibility to their employees.
“If they go and cut that, how am I going to live off of that?”
Public Sector workers too often do not realize that someone has to pay for their pensions. When there isn’t enough private sector activity to tax, and when pension funds were not funded - but pensions were promised, then there is a disconnect.
How is the private sector worker supposed to retire when there are so many public sector retirees “living off of that”?
Sue the Democrat party. They caused this and they have lots of money.
Who did you vote for all those years Donald?
Years ago, the average male would be dead by age 70. So it was hard to begrudge the retirement age of 65. However, many of us are living well into our 80s and 90s. Not only that, but most men in their 60s still have their health and must of their vitality. They should be in the workforce.
I'm 52 years old and I'm not even thinking about retirement. I'm having too much fun in my job (Regional manager for a large firm) and I figure I easily have another 20 years in the tank in which I could go full throttle and maybe make it to the Senior VP level. I still feel as healthy as I did when I was in my mid-30s.
So I am expecting to be working well into my early 70s. Also, my biggest money making years are still ahead of me. It would be crazy for me to retire now and I don't understand the mindset of others who think they should be retiring when still in their 50s or even 60s (unless they have health issues or are so financially independent that they simply don't need any additional income).
Can’t live on $2000 a month (after the cut)?? May be he has all his medical paid for, too.
Here’s the interview you’ll never see.
“I voted for the con men in the Democrat party. They promised me benefits that they knew would never be possible and stole money like crazy from the city treasury to finance their lavish lifestyle. Now, I’m in trouble because I believed that there was a free lunch. I don’t believe that I should be held responsible for voting for people that I knew were thieves. I believed that the Democrat thieves would steal enough for me to retire on. How was I supposed to know that my electing thieves to office in Detroit would make taxpayers leave Detroit? I’m stupid and greedy. Doesn’t that mean you should feel sorry for me and give me some of your money? Yes, I will continue to vote Democrat. They look out for me.”
Those retirees voted all those Dims into office for years believing the promises of pensions made of gold. Now, too late the retirees learn that their pensions aren’t worth the paper they are printed on.