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5 Matching News Items |
| 1. |
CBS Detroit
Oct. 2, 2013
"The federal judge overseeing Detroit's bankruptcy petition has granted a union's request to allow it to continue a fight for extra pension checks.... In 2011, the City Council ended the pension system practice of issuing bonus checks. The union says that it should have been handled in collective bargaining. A labor judge earlier ruled the City Council was wrong when it cancelled the practice of the so-called 13th check."
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| 2. |
CBS Detroit
Mar. 18, 2013
"Michigan cities and townships that provide health care for retired public workers face nearly $13 billion in unfunded costs ... with half setting aside no money to cope with a bill gobbling up more of their budgets.... [Detroit] is not alone in grappling with how to pay promised health benefits to retirees. More than 300 cities, townships and villages -- home to two-thirds of state residents -- face a combined $12.7 billion in unfunded liabilities in the next 30 years."
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| 3. |
CBS Detroit
Apr. 7, 2015
"[City of] Pontiac retirees who were accidentally overpaid may have to give back that money. But an activist group says they shouldn't have to cough up the cash. The accounting mistake meant a minor bump in money for about half of Pontiac's retirees ... and that's why the Pension Board voted to recoup the money, saying state law requires that the money be paid back."
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| 4. |
CBS Detroit
Feb. 7, 2013
"'Everyone knows [DB pensions are] a thing of the past. But we also found that participation in defined contribution plans declined, going from 33 percent of employed men in 1999-2001 to 30 percent in 2007-2009. And that is the opposite of what we expected,' [said U-M economist Frank Stafford]."
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| 5. |
CBS Detroit
Jan. 9, 2013
"A divided Michigan Court of Appeals has upheld a state panel's decision to extend health care benefits to same-[gender] partners of state employees. In a 2-1 ruling released Wednesday [January 9], the court said it's not the place of courts to second-guess the wisdom of state action."
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