Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Bates & Company, Inc.
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AimPoint Pension
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Compass
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Regional Vice President of Sales The Retirement Plan Company
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Loan & Distribution Specialist AimPoint Pension
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Nearly $1 Billion in Bonuses Paid from Ailing Detroit Pension Fund
Detroit Free Press Sept. 8, 2013
"One of Detroit's two pension funds handed out nearly $1 billion in bonus cash payments over two decades to retirees and active employees' retirement accounts instead of reinvesting the extra earnings for the future ... The payments, often referred to as a '13th check,' ... [increased] the amount the city needed to contribute each year to keep the pension fund solvent."
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