Showing posts with label Pensions. Show all posts
Showing posts with label Pensions. Show all posts

Tuesday, June 18, 2013

Unelected Emergency Manager Preparing To Break Detroit’s Pension Promises

Unelected Emergency Manager Preparing To Break Detroit’s Pension Promises: Detroit’s unelected “emergency manager” wants to stiff the city’s pensioners while repaying the large financial firms that hold the city’s debts. Emergency manager Kevyn Orr unveiled the plan last Friday while announcing that the city is unable to pay its current debts. The proposal asserts that the funding gap for Detroit’s pension obligations is five [...]/p

Wednesday, December 26, 2012

Fix the debt? How about fixing private pensions first

Fix the debt? How about fixing private pensions first
"While America's CEOs are fretting about the government's so-called "fiscal cliff," millions of American workers face a financial disaster that gets much less media attention. There's a half-trillion-dollar deficit in the nation's worker retirement benefits."