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

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.

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