Both of Detroit’s municipal pension boards have agreed to concessions designed to save the city about $60 million
Detroit Mayor Dave Bing is hopeful everyone will be on board to help put the city’s budget on even keep as meetings continue this week with unions and pensions.
Detroit’s two pension boards believe the state’s new Emergency Financial Manager Law is unconstitutional and they are challenging it.
Governor Rick Snyder said his Republican plan to exempt some pensions of those 67 and older from state income tax is the result of feedback from the public.
The AARP says a new survey shows that many people in the 50- plus age range plan to continue working past retirement age.
A reprieve for retired state workers as the court says ‘no’ to forcing state retirees to pay three percent toward their health care costs.
Political insiders believe Governor Snyder’s budget proposal could be a tough sell for many people in the state.
General Motors is taking steps to be a more attractive to potential private investors. The automaker Thursday announced it is cutting its debt and pension obligations by $11 billion. GM will buy back nearly $3 billion in stock, […]
President Barack Obama is using the anniversary of Social Security, the federal pension entitlement for the elderly, to trumpet Democrats’ support for the popular program and accuse Republicans of trying to destroy it.