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Breakdown of Detroit's $1 Billion Pension Fund Payments
Detroit Free Press
Oct. 2, 2013
"The city's General Retirement System board -- which is controlled by an independent board that is challenging Detroit's eligibility to file for Chapter 9 bankruptcy--- acknowledged in an affidavit that it gave out $756.2 million in excess earnings to active employees from 1985 through 2007. It gave $195 million to retirees during that same time period and sent $445.3 million back to the city."
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