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Detroit Emergency Manager Orders Investigation into Pension Plans
WXYZ.com [ABC Detroit] 
June 20, 2013
"Detroit Emergency Manager Kevyn Orr has signed an order opening a joint investigation by the Inspector General and Auditor General into possible waste, abuse, fraud and corruption associated with Detroit's two employee benefit programs. This emerges as the Emergency Manager's staff is holding two closed door meetings with employees and retirees telling them how their benefits could be cut in the future.... The two employee pension funds are underfunded by $3.5 billion and retiree health care is underfunded by $5.8 billion."
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