Wayne County pension shortfall increases to 50%

Jun 25, 2012 Full story: Detroit News

The Wayne County Retirement System has only half the cash it needs to cover future pensions after a worse year than officials expected, according to a preliminary report released Monday.

Full Story

Detroit, MI

#1 Jun 26, 2012
Someone should really take responsibility for this financial fiasco.and I think everyone knows who keeps spending like this is a rich county when of course quite the opposite is apparent.I keep telling people to compare this region to others of compareable or even larger size and see what their expenditures r and what packages and salaries the appointees r paid.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Pension Discussions

Title Updated Last By Comments
Emanuel Assailed by Candidates Who Say His Chic... Jan 27 reality is a crutch 1
Transparency and perspective on public sector p... Jan 26 Leadpipe 1
Teachers union president vows to fight cuts to ... (Feb '14) Jan 26 ShouldBPres 7
Fredonia village board mulls police position Jan 26 TaxPayer 1
Obamaa s myRA retirement accounts are now a rea... Jan 20 Drippy Slipper oink 7
Long Islanders had big role in pension reform push (Jun '08) Jan 15 Erubenstein Belfiore 15
Illinois government worker pension system remai... Jan 12 Sean Tankarian 1
More from around the web