Nova 401(k) Associates
Compensation Strategies Group, Ltd.
Nicholas Pension Consultants
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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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