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Monday, October 28, 2013
Holy shiitake! They've "Detroited" ANOTHER pension system!---Wayne County deputies want out of troubled pension system
Wayne County deputies want out of troubled pension system | Detroit Free Press | freep.com:
"Wayne County sheriff’s deputies are making a move to bail out of the county’s underfunded pension system in favor of a nonprofit that runs nearly 800 local government pension plans across the state.
........The county’s pension system has been mired in claims of mismanagement and is just 46% funded, with pension costs growing 80% since 2007 and projected to cost $69.8 million this year."
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