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Poor Pension Management Helped Land Detroit in the Poorhouse
Detroit Free Press 
[Opinion] Sept. 13, 2013
"One billion dollars. That's how much, over 23 years, one of Detroit's pension funds paid in bonuses to retirees.... [W]ithout question, the bonuses paint a clear picture of the reckless management that led the general pension fund (which covers employees other than cops and firefighters) to this precarious situation, and have increased the burden on city taxpayers, who must make up for the fund's screw-ups."
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