Friday, June 22, 2012

Wayne County taxpayers on hook for $600M as generous pensions drain fund

Wayne County taxpayers on hook for $600M as generous pensions drain fund | Detroit Free Press | freep.com
Wayne County taxpayers face a mounting bill -- now more than $600 million -- to cover the deficits in a county pension plan that was fully funded when County Executive Robert Ficano took office in 2003 but has since taken a steep dive.

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