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Detroit pension proposal would shut out new hires
Associated Press ^
| Sep 27, 2013 5:42 PM EDT
| Corey Williams
Posted on 09/27/2013 6:49:11 PM PDT by Olog-hai
State-appointed emergency manager Kevyn Orr wants to overhaul Detroit’s two pension systems by shutting out new workers and freezing benefits for current members. …
In July, Orr made Detroit the largest U.S. city to file for bankruptcy protection. …
(Excerpt) Read more at hosted.ap.org ...
TOPICS: Business/Economy; Government; News/Current Events; US: Michigan
KEYWORDS: bankruptcy; detroit; emergencymanager; pensionfreeze
1
posted on
09/27/2013 6:49:11 PM PDT
by
Olog-hai
To: Olog-hai
lol
We got ours, so long - sucka
2
posted on
09/27/2013 6:50:07 PM PDT
by
GeronL
To: Olog-hai
Detroit is way behind the curve in pensions. The state of Michigan went from pensions to 401 k in 1997. Most local governments did the same many years ago.
CC
3
posted on
09/27/2013 7:55:06 PM PDT
by
Celtic Conservative
(tease not the dragon for thou art crunchy when roasted and taste good with ketchup)
To: Olog-hai
click the pic...
4
posted on
09/27/2013 8:14:22 PM PDT
by
Chode
(Stand UP and Be Counted, or line up and be numbered - *DTOM* -vvv- NO Pity for the LAZY)
To: Springman; cyclotic; netmilsmom; RatsDawg; PGalt; FreedomHammer; queenkathy; madison10; ...
5
posted on
09/28/2013 5:16:32 AM PDT
by
cripplecreek
(REMEMBER THE RIVER RAISIN!)
To: Olog-hai
I think it was Saginaw that cut their full time city employees from 500 to 20.
6
posted on
09/28/2013 5:17:23 AM PDT
by
cripplecreek
(REMEMBER THE RIVER RAISIN!)
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