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Detroit Pension Fund

Democrat Mark Schauer. (Credit/U.S. House of Representatives)

Former Michigan U.S. Congressman Says State Must Help Detroit Pensioners

Likely Democratic gubernatorial nominee Mark Schauer says the state must help the Detroit pension fund — because it’s required by the Constitution.

WWJ Newsradio 950–01/20/2014

Detroit Emergency Manager Kevyn Orr holds a press conference to discuss federal bankruptcy Judge Steven Rhodes' ruling on Detroit's Chapter 9 bankruptcy eligibility December 3, 2013. (Credit: Bill Pugliano/Getty Images)

Kevyn Orr Plans Next Steps Now That Detroit Is Officially Bankrupt

“I want to say to everyone whose a resident of the city, no one is more aware of the hardship that this is going to cause to a number of different people than me,” Kevyn Orr said.

WWJ Newsradio 950–12/04/2013

Document Details Nearly $1B In Pension Payouts

A court filing has revealed details of nearly $1 billion in payouts known as the 13th check from a Detroit retirement system.

WWJ Newsradio 950–10/02/2013

iStockphoto

Detroit Emergency Manager Seeks To Freeze Pension Plans

Orr has said the city has underfunded obligations of about $3.5 billion for pensions and $5.7 billion for retiree health coverage.

WWJ Newsradio 950–09/27/2013

Report: Money From Detroit Pension Funds Misspent

The report says spending was “effectively robbing” pension funds and contributed to a “significant underfunding” of the funds.

WWJ Newsradio 950–09/06/2013

Staffer Of Ex-Detroit City Councilwoman Pleads Guilty To Taking Bribes

The former chief of staff of a Detroit pension fund trustee has pleaded guilty to accepting bribes as part of the federal government’s long-running corruption investigation in the city.

WWJ Newsradio 950–08/14/2013

iStockphoto

Union Attorney: Pensions In Jeopardy After Detroit Bankruptcy Filing

“I think it’s despicable… and I think every Detroit resident will also find that this action is despicable,” said Richard Mack, Jr., an attorney for AFSCME Council 25.

WWJ Newsradio 950–07/19/2013

iStockphoto

Detroit EM Orders Investigation Into Pension Funds

Kevyn Orr has ordered a fraud and corruption investigation into the police and fire pension fund and general employee pension fund.

WWJ Newsradio 950–06/20/2013

istockphoto

Detroit Pension Funds Foot Bill For Trustees’ Hawaii Trip

Four trustees of Detroit’s two reportedly underfunded public pension funds are expected to travel this weekend to a Hawaiian resort for a conference, with the $22,000 tab paid for by the funds.

WWJ Newsradio 950–05/17/2013

Feds: Detroit Board Trustee Got Baskets Of Cash

Two city of Detroit officials have been indicted on charges of corruption involving $200 million and investments in the city’s pension funds.

WWJ Newsradio 950–03/20/2013

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