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| Many Underfunded Public Pension Plans Pay Bonus Checks to Retirees When Investments Do Better Than Projected The Wall Street Journal; subscription may be required  Apr. 13, 2015 "As the city of Detroit's financial condition deteriorated, its employee-pension funds made hundreds of millions of dollars in bonus payments to retirees.... Yet Detroit's struggles haven't stopped the retirement systems of other cities and states -- including some with severely underfunded pensions -- from continuing to dole out bonuses." |
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