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Detroit Says Protecting Pensioners is Key to the City
Pension Rights Center [PRC] 
[Opinion] Feb. 18, 2014 "[S]everal national and regional foundations ... have stepped in to contribute a total of $370 million to soften the blow to the City of Detroit's pensions and safeguard the Detroit Institute of Art's collection.... Some say that these institutions will never contribute -- that it's wishful thinking on our part. But why shouldn't we ask banks and other financial institutions -- particularly those that were bailed out with TARP money -- to help keep pension promises to retirees?" MORE >> |
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