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Has Detroit Over-Inflated Its Pension Liabilities?
Reuters 
July 23, 2013 "The retiree health care value has been carried on Detroit's books at the level that [Emergency Manager Kevyn Orr] cites for some time. But the unfunded pension liability has always been listed on Detroit's financial documents as $650 million, rather than $3.5 billion that Orr claims. The pension shortfall was even listed as $650 million in February by the state's Detroit Finance Review Team. What happened?" MORE >> |
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