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Labor & Economic News Blog

Compiled by Janice Kimball and the staff of the IRLE Library

Monday, July 22, 2013

How Detroit came to betray its retirees

How Detroit came to betray its retirees
Detroit’s pensioners are right. The city’s financial problems aren’t their fault, nor is the city’s deep budget hole caused by the checks it issues to retirees, most of whom get about $1,600 a month. But it is true that the funds are not generating enough income to keep pace with the projected number of retirees and structural costs of the system over the next 30 years.

# posted by Janice's Labor, Work, Economics News Blog @ 2:06 PM



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