DealBook: Case in Detroit Highlights Costs of ‘Extra’ Pension Payments

By pm8525

http://dealbook.nytimes.com/2013/10/22/case-in-detroit-highlights-costs-of-a-common-pension-practice/?partner=rss&emc=rss

Skimming from public pension funds to make extra payments to retirees on the thinking that the base pensions were too small — a practice not unique to Detroit — undercut the health of the system.

Sent by gReader Pro

Leave a Reply

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. ( Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. ( Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. ( Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. ( Log Out /  Change )

Cancel

Connecting to %s