Detroit pension officials handed out about $1 billion in bonuses from the citys two pension funds to retirees and active city workers from 1985 to 2008. That money mostly in the form of so-called 13th checks could have shored up the funds and possibly prevented the city from filing for bankruptcy. If that money had been saved, it would have been worth more than $1.9 billion today to the city and pension funds, by one experts estimate.
So this is nothing new for failure-inducing chuckleheads.
To: TurboZamboni
And, don’t forget, the original administrator of the program took a vacation as the system was rolled out and was crumbling. More proof government can’t efficiently handle a program, and Obamacare, MNSure, etc. are proving it more every day.
To: TurboZamboni
They probably got a bonus for delivering it “on time.” It didn’t work, but they met their date.
To: TurboZamboni
Dayton took “responsibility” for the debacle. So get your check book out Marky.
5 posted on
01/30/2014 7:07:24 AM PST by
DManA
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson