Thousands of Detroit’s police officers, firefighters, garbage collectors and other municipal workers face a future without promised compensation and even more uncertainty moving ahead. In the wake of Detroit’s unprecedented July bankruptcy filing -- making the city the largest in the United States ever to seek bankruptcy protection -- an argument
Study: America’s Public Pensions Are Even Deeper In Debt Than Previously Thought
Some funny bookkeeping practices mean that cities like Detroit face an even deeper public pension funding crisis.